PETALING JAYA: The country’s producer price index (PPI), which measures the prices of goods at the factory gate, continued its downtrend in November 2023 with a larger year-on-year (y-o-y) contraction of 1.5% compared with 0.3% in October. On a monthly basis, the PPI for local production declined at a faster pace of 0.7% in November compared to a 0.3% contraction in the prior month. Meanwhile, on the PPI by stage of processing, Mohd Uzir said the finished goods index grew 1.7% y-o-y last month, cooling down from a 2.2% growth in October. In contrast, the intermediate materials, supplies and components index saw a contraction of 3.4% (October 2023: 3% decline). Meanwhile, the crude materials for further processing index’s growth slowed to 0.3% in November from 5.3% in the previous month.

Source: The Star December 28, 2023 02:59 UTC