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BEIJING, March 10 (Xinhua) -- China's producer price
index (PPI) fell for the third straight month, dropping 4.5 percent year on year
in February, the National Bureau of Statistics said Tuesday.
The decline in the PPI, a major measure of inflation
at the wholesale level, was 1.2 percentage points higher than the month-earlier
level.
Prices of production materials dropped 5.7 percent
from a year ago, with those of mineral industry, primary industry and processing
industry down 17.4 percent, 8.4 percent and 3 percent, respectively.
Living materials prices dipped 0.4 percent, with
clothing and commodities prices up 0.6 percent and prices of food and consumer
durable goods down 0.7 percent and 1.9 percent, respectively, said NBS.
Factory gate crude oil prices sank 56.3 percent, with
prices of gasoline, kerosene and diesel down 0.5 percent, 26.4 percent and 11.4
percent, respectively.
Factory gate prices of coal mining went up 18.8
percent, and raw coal prices up 18.7 percent.
China's PPI fell by 3.9 percent in the first two
months this year compared with the same period last year, said NBS.
NBS also revealed on Tuesday that China's consumer
price index (CPI), a main gauge of inflation, fell 1.6 percent year on year in
February.
It is the first monthly negative growth since
December 2002 when CPI was down to minus 0.4 percent.
The fall of the CPI and PPI in February was mainly
caused by the significant declines in the international primary products prices
and other factors such as the Spring Festival and the severe winter weather
which brought up the February CPI last year, said NBS in a statement.
China's PPI had been actually falling at a slower
pace compared with the three previous months, as the PPI in February only
decreased 0.7 percent on a month-on-month basis, said the NBS statement.
China's PPI fell 2.7 percent and 1.6 percent in
November and December last year, month on month, and the decreasing rate in
January was 0.7 percent, said the statement.
China's CPI sign of economic
"recovery"
 |
|
The consumer price index (CPI) in
January rose only 1 percent year-on-year, the lowest in 30 months, and the
other measure of inflation, the producer price index (PPI), dropped 3.3
percent.(Xinhua Photo)
Photo
Gallery>>> |
BEIJING, Feb. 11 -- The consumer price index
(CPI) in January rose only 1 percent year-on-year, the lowest in 30 months, and
the other measure of inflation, the producer price index (PPI), dropped 3.3
percent.
That prompted economists to say the economy may have
bottomed out and could start growing again within a few months.Full story
China's CPI up 1% in
January
 |
|
Citizens pick fruit at a supermarket in
Hefei, capital of east China's Anhui Province, Feb. 10, 2009. China's
consumer price index (CPI), a major gauge of inflation, went up 1.0
percent year-on-year in January this year, the National Bureau of
Statistics said on Tuesday. (Xinhua/Li Jian)
Photo
Gallery>>> |
BEIJING, Feb. 10 (Xinhua) -- China's consumer price index
(CPI), a major gauge of inflation, rose by 1 percent in January over the same
month last year, the National Bureau of Statistics announced Tuesday.
The rise was 0.2 percentage points lower than the previous
month. Full story
China CPI up 5.9% in 2008, Dec.
inflation at 2-1/2 year low
 |
|
A salesman cleans up sauries at a market
in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region,
Jan. 22, 2009. China's consumer price index (CPI), the main gauge of
inflation, rose 5.9 percent last year after price pressures began to ease
in May, the National Bureau of Statistics (NBS) said Thursday. (Xinhua
Photo)
Photo
Gallery>>> |
BEIJING, Jan. 22 (Xinhua) -- China's consumer price
index (CPI), the main gauge of inflation, rose 5.9 percent last year after price
pressures began to ease in May, the National Bureau of Statistics (NBS) said
here Thursday.
The CPI was 1.1 percentage points higher than the
level in 2007,which was also the official target for 2008. Full story
