Producers' Price Index For Manufacturing Rises In China

In November, the National Bureau of Statistics of China says the Producers' Price Index for manufactured goods shot up by 4.6 percent from the same month last year while purchasing prices for raw material, fuels and power rose by 6.3 percent.

PPI for means of production increased 4.8 percent over last November. Of the total, PPIs for mining and quarrying industry increased 15.1 percent; that for raw materials industry and manufacturing industry correspondingly up by 6.8 and 2.4 percent; and that for means of consumer goods grew 3.7 percent. Of that total, price for foodstuff increased 9.1 percent; that of clothing and commodities rose 1.0 and 2.3 percent respectively, while that for durable consumer goods dropped 0.8 percent.

PPI for crude oil increased 22.6 percent year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 3.9, 8.8 and 8.0 percent respectively.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metals, nonferrous metal materials, and chemical materials increased 9.9, 9.7, 3.4 and 3.6 percent, respectively, year-on-year.

From January to November, PPI for manufactured goods grew 2.9 percent year-on-year; the purchasing price for raw materials, fuels and power products increased 4.1 percent.