Malaysia's PPI Declines 2.4% In October, Led By Mining And Manufacturing Deflation
Malaysia's PPI Declines 2.4% In October, Led By Mining And Manufacturing Deflation
Malaysia's Producer Price Index (PPI) fell 2.4% year-on-year (yoy) in October 2024, continuing its decline from a 2.1% contraction in September, according to the Department of Statistics Malaysia (DOSM). The drop was primarily driven by a 17.3% yoy deflation in the mining sector, with crude petroleum prices falling 21.7% and natural gas down 1.7%. The manufacturing sector also saw a sharper contraction of 2.6% yoy, led by a 21.6% drop in the manufacture of coke and refined petroleum products as reported by MIDF Amanah Investment Bank Bhd (MIDF Research).
马来西亚生产者价格指数（PPI）在2024年10月同比下降2.4%，延续了9月份2.1%的收缩，按照马来西亚统计局（DOSM）的数据。这一下降主要是由于矿业板块同比下滑17.3%，原油价格下降21.7%，天然气下跌1.7%。制造业板块同比收缩更加明显，下降2.6%，其中煤炭和石油产品的制造下降了21.6%，据MIDF阿曼纳投资银行（MIDF研究）报告。
In contrast, the agriculture sector recorded inflation of 13.8% yoy, buoyed by a 24.3% increase in perennial crops. The water supply industry showed inflation of 6.9%, while the electricity and gas supply index rose by 0.8%. By stage of processing, prices of primary goods fell 8.4% yoy, while intermediate materials and components contracted by 1.9%. Finished goods, however, rose by 1.1% yoy.
相比之下，农业板块同比录得13.8%的通货膨胀，受益于多年生作物增加24.3%。水供应行业显示6.9%的通货膨胀，而电力和燃气供应指数上涨了0.8%。按加工阶段来看，初级商品价格同比下降8.4%，而中间材料和元件收缩了1.9%。然而，成品价格同比上涨了1.1%。
On a monthly basis, the PPI fell 0.7% in October, easing from a 1.5% decline in September. MIDF Research expects Consumer Price Index (CPI) inflation to remain stable in the near term, with local producers facing less pressure to raise prices due to easing cost conditions. However, food price inflation is anticipated to rise, influenced by adverse weather and increased crude palm oil prices.
按月计算，PPI在10月下降0.7%，从9月的1.5%下降有所缓解。MIDF研究预计，消费者价格指数（CPI）通货膨胀在近期将保持稳定，预计由于成本条件缓解，当地生产者面临的价格上涨压力减小。然而，食品价格通货膨胀预计将上升，受不利天气和原棕榈油价格上涨的影响。
