Chief statistician Uzir Mahidin said all sectors in PPI local production continued to increase from March 2024.
“The agriculture, forestry and fishing sectors went up by 3.4% (June 2024: 3.4%), with the growing perennial crops index recording an 8% increase.
“The mining sector edged up 2.2% (June 2024: 4.6%), contributed by the rise in the extraction of crude petroleum index (3%),” he said in a statement.
Likewise, Uzir said the manufacturing sector increased marginally by 0.9% (June 2024: 1.1%) due to computer, electronic and optical products (7%) and food products (1.2%) indices.
Meanwhile, the water supply, as well as the electricity and gas supply index rose by 9% and 0.3%, respectively.
The monthly PPI local production fell further by 0.2% in July 2024 from (-0.1%) in June 2024, due to the manufacturing sector, which was down by negative 0.3%.
Simultaneously, he said the electricity and gas supply index was also down by negative 0.8% (June 2024: -1.1%).
“Conversely, the agriculture, forestry & fishing sector rose by 1.1% (June 2024: 1.1%) with the growing perennial crops index posting a 2.7% rise.
“The mining sector was up by 0.7% (June 2024: -3.4%), contributed by the extraction of crude petroleum (2.7%) index,” he said adding the water supply sector also increased by 0.8% from 0.1% in June 2024.
Uzir said looking at selected countries, the US PPI rose by 2.2% in July against 2.7% in June 2024.
Japan’s PPI continued to increase by 3%, from a 2.9% rise in the prior month, driven by further rises in the cost of transport equipment, beverages and food, as well as chemicals, petroleum and coal.
“Factory gate prices of goods produced in the UK also rose by 0.8%, slowing from 1% in June 2024, due to the refined petroleum products,” he said, while China’s producer price declined further by 0.8%, similar to the previous month.
“Although indicating producer deflation, the latest figure remains the lowest since January 2023, mainly contributed by multiple support measures from the government,” he added.