BEIJING — China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8.8 percent year-on-year in February, data from the National Bureau of Statistics (NBS) showed on March 9.

The figure moderated from the 9.1 percent year-on-year increase registered in January this year, NBS data showed.

On a monthly basis, China's PPI gained 0.5 percent in February compared with 0.2 percent decline in January.

Rising crude oil and non-ferrous metal prices have led to the monthly PPI increase in February, according to senior NBS statistician Dong Lijuan.

The PPI of oil exploitation increased by 13.5 percent month-on-month, while that of non-ferrous metal processing went up 2 percent from a month ago.

The carry-over effect of last year's price movements contributed about 8.4 percentage points to the year-on-year PPI growth in February, Dong said.

China's PPI rose 8.1 percent year-on-year in 2021, official data showed.

The data also showed that China's consumer price index, a main gauge of inflation, rose 0.9 percent year-on-year in February.