THE producer price index (PPI) for local production, which measures prices of goods at the factory gate, declined further to -2.9% in March, as against -0.8% in the previous month, the Department of Statistics Malaysia said.
In a statement today, chief statistician Mohd Uzir Mahidin said the downward trend was mainly due to the decline in agriculture, forestry and fishing, and mining sectors, which continued to record negative changes for three consecutive months in 2023.