Malaysia Producer Prices Fall 3.8%

(RTTNews) - Malaysia's producer prices decreased for the fifth straight month in July, figures from the Department of Statistics showed on Thursday.

Producer prices fell 3.8 percent year-on-year in July, following a 4.2 percent decrease in June.

Among sectors, the price index in the mining sector plunged 8.7 percent from last year, and that in the manufacturing sector dropped 4.0 percent. For the utility sector, electricity and gas supply prices rebounded 4.0 percent, while water supply posted a marginal decrease of 0.1 percent.

On a month-to-month basis, producer prices moved up 0.3 percent in July, following a 0.7 percent decrease in the prior month.