App

China's producer prices up 0.1% in January
Updated: February 10, 2020 11:20 Xinhua

BEIJING — China's producer price index (PPI), which measures costs for goods at the factory gate, rose 0.1 percent year-on-year in January, the National Bureau of Statistics (NBS) said Feb 10.

The slight increase last month was the first year-on-year increase in eight months, the NBS data showed.

On a month-on-month basis, the PPI remained flat for a second month in a row, according to the NBS.

Last year, the PPI on average dropped 0.3 percent from 2018.

Factory prices of capital goods decreased 0.4 percent year-on-year in January, shrinking from the 1.2 percent decline in December.

Seventeen of the 40 surveyed industries saw price hikes month-on-month, while 18 reported price drops and five witnessed unchanged prices.

Among major industries, oil and natural gas extraction saw faster price increase in January, with prices up 17.5 percent year-on-year, expanding by 11.7 percentage points.

Prices for non-ferrous metal mining and dressing edged up 2.4 percent year-on-year, while ferrous metal mining and dressing went up 0.7 percent over one year ago in January.

NBS senior statistician Dong Lijuan said the 0.1 percent year-on-year gain in January was the carry-over effect of last year's price movements.

The data on Feb 10 also showed China's consumer price index, a main gauge of inflation, rose 5.4 percent year-on-year in January.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218