KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.4 per cent year-on-year (y-o-y) in May 2024, from 1.9 in the previous month, said the Department of Statistics Malaysia (DoSM). He also said that the water supply index went up 8.7 per cent, while the electricity and gas supply index increased by 1.5 per cent. "The electricity and gas supply and water supply indices remained positive, recording increases of 1.1 per cent and 1.4 per cent, respectively,” he said. The chief statistician noted that the average price of crude palm oil (CPO) was RM3,902.50 per tonne in May 2024. This marked a 2.8 per cent increase from May 2023 but an 8.3 per cent decrease from the April 2024 price.
