Producer prices in Malaysia saw their first rise in four months in December, as reported by the Department of Statistics on Tuesday. The data indicated a 0.5% year-on-year increase in producer prices for December, marking a turnaround from the 0.4% decline recorded in November.
In terms of sectors, the largest growth was observed in the agriculture, forestry, and fishing sector, with prices increasing by 23.8% from the previous year. The electricity and gas supply sector maintained a steady growth rate of 0.9%, while the decline in mining prices eased to 7.0% from the previous month's 8.3% drop.
The manufacturing price index showed a reduced decline of 1.0%, compared to the 1.8% decrease seen in November. On a month-to-month comparison, producer prices rose by 0.8% in December, building on a 1.4% rise in the prior month.
For the entirety of 2024, producer prices were up by 0.3%, contrasting with the 1.9% decrease observed throughout 2023.
