Business Intelligence on Retailing, Franchising, and Consumerism in China

Chinese Producers' Price Index Rises

China's National Bureau of Statistics says the Producers' Price Index in January for manufactured goods rose by 6.1 percent from the same month last year.

PPI for means of production increased 6.5 percent over last January. Of the total, PPIs for mining and quarrying industry increased 20.5 percent; that for raw materials industry and manufacturing industry correspondingly up by 8.5 and 3.8 percent; that for means of consumer goods grew 4.6 percent. Of which, price for foodstuff increased 10.4 percent; that of clothing and commodities rose 2.2 and 3.0 percent respectively, while that for durable consumer goods dropped 0.6 percent.

PPI for crude oil increased 29.9 percent year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 7.3, 10.0 and 10.9 percent, respectively.

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