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12:00 hour,
Wednesday, 8 May 2024
SERVICES PRODUCER PRICE INDEX, FIRST QUARTER 2024
SERVICES PRODUCER
PRICE INDEX (2010=100)
FIRST QUARTER 2024
- The Services Producer Price Index (SPPI)
averaged 115.8 points in the first quarter of 2024, an increase of 1.0 per cent
same as recorded in the fourth quarter of 2023.
- All subsectors
recorded an increase in this quarter except Transportation which remained
unchanged. Arts, Entertainment & Recreation subsector rose by 7.5 per cent (Q4 2023: 5.5%) attributed to the increase in the Other Amusement
& Recreation Activities (2.1%). Accommodation and Food & Beverage
Service Activities went up by 2.5 per cent (Q4 2023: 3.4%) due to increases in
Beverage Service Activities (3.3%) and Restaurants & Mobile Food Service
Activities (2.8%). In the meantime, the other subsectors that recorded slight
increases were Education (0.8%) and Real Estate Activities (0.6%). Meanwhile,
both Health and Professional indices inclined by 0.2 per cent, followed by
Information & Communication by 0.1 per cent.
- On a quarter-on-quarter basis comparison
showed that SPPI increased by 0.3 per cent as compared to 0.1 per cent recorded
in the previous quarter.
- The increase was
contributed by Transportation (0.7%), Accommodation and Food & Beverage
Service Activities (0.5%), Education (0.3%) and Arts, Entertainment &
Recreation (0.2%). In the meantime,
other subsectors, Real Estate Activities, Health, Information &
Communication and Professional indices recorded an increase of 0.1 per cent
respectively.
Contact person:
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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