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Malaysia –May producer price index
30/06/2015 03:15 pm MYT
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In May, the producer price index (PPI) decreased by 0.9% from the previous month, with a 1.5% decline in local production prices and a 0.1% increase in import prices. For local production, decreases in the prices of mining and manufacturing were the main contributors to the fall in PPI. In terms of stage of processing, the fall in prices was due to lower prices in crude materials for further processing as well as intermediate materials, supplies and components.

 

On a year-on-year basis, the PPI fell by 6.3%. Likewise, local production prices also fell by 9.4%, whereas import prices increased by 0.3%.

 

Going forward, given the rising commodity prices resulted by the GST implementation and higher import prices due to the weaker Ringgit, the decline in the PPI should recede soon.

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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