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Monday, 8 May 2023
SERVICES PRODUCER PRICE INDEX
SERVICES PRODUCER PRICE INDEX (2010=100)
FIRST QUARTER 2023
- The Services Producer Price
Index (SPPI) averaged 114.7 points in first quarter 2023, increased 3.4 per
cent as compared to 110.9 in the same quarter of the preceding year.
- Most subsectors recorded an
increase of prices in this quarter, particularly Accommodation and Food &
Beverage Service Activities, with 8.3 per cent (Q4 2022: 8.0%) attributed to
the increase in Restaurants & Mobile Food Service Activities (9.8%). The
Transportation subsector increased 6.5 per cent (Q4 2022: 5.3%), contributed by
Passenger Air Transport (25.6%).
- Meanwhile, the Arts,
Entertainment & Recreation (Q4 2022: 5.3%) and Education (Q4 2022: 1.1%)
indices recorded an increase of 1.1 per cent, respectively, owing to the Other
Amusement & Recreation Activities (1.9%) and Secondary Education (1.9%). He
also explained that other subsectors which recorded an increase were
Professional (0.5%) and Health (0.4%). Nevertheless, the index of Real Estate
Activities and Information & Communication remained unchanged.
- Quarter-on-quarter, SPPI
rose 0.3 per cent as compared to 0.4 per cent recorded in the previous quarter.
- The increase was due to the
Accommodation and Food & Beverage Service Activities (1.3%), Education
(0.5%), Transportation (0.3%), Health (0.2%) and Professional (0.1%) indices.
Meanwhile, the index of Arts, Entertainment & Recreation recorded a
decrease of negative 1.7 per cent. Index of Real Estate Activities and Information
& Communication remained unchanged.
Table 1: Services
Producer Price Index (2010=100), First Quarter 2023
The full publication of the Services Producer Price Index, First Quarter 2023 can be downloaded through eStatistik portal.
Released by:
DEPARTMENT OF
STATISTICS MALAYSIA
8 May 2023
Baharudin Mohamad
Public Relation Officer
Strategic Communication and International Division
Department of Statistics Malaysia
Tel : +603-8090 4681
Fax : +603-8888 9248
Email : baharudin[at]dosm.gov.my
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