KUALA LUMPUR (Oct 31): Malaysia's producer price index (PPI) slipped 0.2% year-on-year (y-o-y) in September versus August's 0.3% decline.

PPI measures the average change over time in prices by producers for domestically produced commodities.

In a statement today, the Department of Statistics, Malaysia chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the sectors which recorded a decrease in September were agriculture, forestry and fishing (-16.4%) and manufacturing (-1.7%).

Meanwhile, the index that edged up were mining (+28.9%), electricity and gas supply (+1%) and water supply (+0.4%), he added.

On a monthly basis, the PPI for local production grew 1.2% in September, the highest increase since rising 2% in January 2017, mainly due to the index of mining (+10.3%), manufacturing (+0.3%) and water supply (+0.2%).

In contrast, the index for agriculture, forestry and fishing, and electricity and gas supply decreased 0.5% and 0.1% respectively.