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Manufacturing sector is the major component covered in the PPI
The Producer Price Index in 2020 decreased 2.7%
Consumer Price Index fell 1.2% in 2020
Almost 1/3 of CPI weight contributed by Food & Non-Alcoholic Beverages

Producer Price Index Malaysia June 2021

Release Date : Thursday 29, July 2021 1200

 

PRODUCER PRICE INDEX (2010=100) BY SECTOR (MSIC 2008)

The PPI local production which measures costs for goods at the factory gate, increased 11.5 per cent  year-on-year in June 2021, marking the fifth consecutive months it recorded an upward trend. The Mining index increased 64.4 per cent due to higher price in natural gas as well as continuous increase in crude petroleum. Index for Agriculture, forestry and fishing inclined at a slower pace of 29.8 per cent (May 2021: 60.0%) because of lower price in crude palm oil and livestock. In addition, the Manufacturing index, which was influenced by the rise in primary and construction-related commodities prices, also showed a significant increase (6.7%). In terms of utility indices, Water supply rose 1.6 per cent and Electricity & gas supply declined 0.2 per cent.

On a monthly basis, the PPI local production registered a marginal increase of 0.2 per cent in June 2021 as compared to 1.0 per cent in the previous month. The increase was supported by the index of Mining (8.2%) and Manufacturing (0.8%). Meanwhile, Agriculture, forestry & fishing, Electricity & gas supply and Water supply indices recorded a decline of 10.5 per cent, 0.8 per cent and 0.2 per cent respectively.

 

Table 1 : Producer Price Index (2010=100) Local Production by Sector (MSIC 2008), Malaysia

 

PRODUCER PRICE INDEX FOR SECOND QUARTER 2021

The PPI local production for the second quarter of 2021 rose 11.3 per cent to 111.3 from 100.0 in the same quarter of the previous year. The increase was contributed by the index of Mining (74.0%), Agriculture, forestry & fishing (46.0%), Manufacturing (5.0%) and Water supply (1.4%). Meanwhile, Electricity & gas supply recorded a decline of 0.3 per cent. On a quarterly basis, the PPI local production rose 2.6 per cent as compared to 5.1 per cent in the first quarter of 2021.

Table 2 : Average Index and Percentage Change of Quarterly PPI Local Production by Sector

 

 

PRODUCER PRICE INDEX BY STAGE OF PROCESSING

In June 2021, all stages of processing recorded an increase in price. The index of Crude materials for further processing increased 39.2 per cent as compared to 53.6 per cent recorded in the previous month. The index of Intermediate materials, supplies & components also increased 9.0 per cent. Similarly, the Finished goods index edged up 0.3 per cent.

On a monthly basis, the index of Intermediate materials, supplies & components increased 1.1 per cent. Meanwhile, Crude materials for further processing decreased 2.1 per cent and Finished goods remained unchanged.

Table 3 : Producer Price Index (2010=100) Local Production by Stage of Processing

The full publication of the Producer Price Index Malaysia, June 2021 can be downloaded from  eStatistik portal.

 

Released by:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

29 July 2021

 

Contact person:

Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my

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