China's Producer Price Index falls

Fri, May 11 2012 11:57 IST | 0 Views | Add your comment
SHARE:
Beijing, May 11

China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 0.7 percent in April from a year earlier, the National Bureau of Statistics (NBS) said Friday.

The data marked another month of year-on-year decline after China's PPI saw a drop in March for the first time since December 2009, reported Xinhua citing NBS data.

On a month-on-month basis, the country's PPI in April grew 0.2 percent, the NBS said in a statement on its website.

In April, producer purchase prices went down 0.8 percent year on year and stayed flat on a monthly basis, the NBS said.

In the first four months of this year, the PPI edged down 0.1 percent year on year, while producer purchase prices gained 0.6 percent.

The NBS also announced Friday that the consumer price index rose 3.4 percent from a year earlier in April.

Add Your Comment

Enter your name and email below and post your comment.

NameEmail
Comment
 
Enable Images
Visitor Comments

There are no comments on this article.