PETALING JAYA: Malaysia's producer price index (PPI) increased to record a 3.5% year-on-year (y-o-y) rise in December 2022 compared with 3.2% a month earlier. “Inflation at the producer level in December 2022 for selected countries also showed moderate increase as compared to November 2022. “The worsened flood situation at certain plantation areas affected the produce of vegetables products, while the turbulent sea and high tide influenced the productivity process in the sea. Locally, the PPI showed a negative 0.3% month-on-month (m-o-m) in December 2022 compared to 0.6% in the previous month. This was owing to the decrease in agriculture, forestry and fishing index to post negative 1.7% m-o-m in December 2022 from 5.5% in November 2022.

Source: The Star January 31, 2023 02:48 UTC