In September, Malaysia experienced a decrease in producer prices for the first time in eight months, according to data released by the Department of Statistics on Monday. Compared to the same month last year, producer prices dropped by 2.1 percent, overturning the 0.3 percent increase observed in August. This decline marks the most significant drop since July 2023.
Breaking it down by sector, mining prices saw the most substantial decrease, plunging 16.1 percent from the previous year, while manufacturing prices fell by 1.5 percent. In contrast, the agriculture, forestry, and fishing sectors witnessed a price increase of 5.8 percent, and the utility sector's price index went up by 0.3 percent.
Evaluating month-over-month data, September saw a 1.5 percent reduction in producer prices, expanding on a 0.9 percent decrease in August.
