Chief statistician Datuk Seri Mohd Uzir Mahidin said the mining sector continued to increase by 6.6 per cent, from a double-digit increase of 10 per cent in the previous month, contributed by extraction of crude petroleum of 7.2 per cent and extraction of natural gas indices. ― Reuters picKUALA LUMPUR, June 27 ― Malaysia’s Producer Price Index , which measures the price changes of goods at the producer level, increased by 1.4 per cent year-on-year in May 2024, from 1.
“At the same time, the manufacturing sector increased further by one per cent due to the manufacture of computer, electronic and optical products index ,” Mohd Uzir said. Additionally, the agriculture, forestry and fishing sector decreased by 4.6 per cent, from a 0.7 per cent increase in the previous month, largely due to the growing of perennial crops index.
The chief statistician noted that the average price of crude palm oil was RM3,902.50 per tonne in May 2024. This marked a 2.8 per cent increase from May 2023 but an 8.3 per cent decrease from the April 2024 price.
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