THE services producer price index (SPPI) increased 3.3% in the fourth quarter (4Q) of 2022 compared to the same quarter of the preceding year, the Department of Statistics Malaysia (DOSM) said.
In a statement, chief statistician Mohd Uzir Mahidin said the SPPI averaged 114.3 points in Q4, with most subsectors higher this quarter, particularly in accommodation and food and beverage services (8%), due to the increase in restaurants and mobile food services (9.5%).