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Malaysia's Aug. producer price index down 2.8 pct

Malaysia's producer price index for local production declined by 2.8 percent year on year in August, official data showed Wednesday.

Malaysian Statistics Department said in a statement that the decrease in the overall index was attributed to the decline in mining, electricity and gas supply, as well as manufacturing.

On a monthly basis, the producer price index rose 1 percent in August.

For the period of January to August, the producer price index fell 2.4 percent year on year. 

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