FX.co ★ Malaysia Producer Price Inflation Eases To 1.4%

In May, Malaysia's producer price inflation decelerated, following an uptick over the previous two months, according to data released by the Department of Statistics on Thursday.

Year-on-year, producer prices saw a modest rise of 1.4 percent in May, compared to a 1.9 percent increase in April.

Breaking it down by sector, the annual price growth in mining dropped to 6.6 percent from 10.0 percent in April. The price index for agriculture, forestry, and fishing also grew at a more moderated rate of 1.3 percent.

In the manufacturing sector, prices increased by 1.0 percent, while the utility sector experienced a price index rise of 1.5 percent.

On a monthly basis, producer prices fell by 0.9 percent in May, following a 0.5 percent increase in April.