HomeProduct Complimentary download China Mar PPI down 4.6 pct on yr

China Mar PPI down 4.6 pct on yr

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Publish time: 10th April, 2015      Source: www.cnchemicals.com
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China's Producer Price Index (PPI), which measures inflation at wholesale level, dropped 4.6% year on year and down 0.1% month on month in March, the National Bureau of Statistics (NBS) said on April 10.It was the 37th straight year-on-year decline, due to persisting sluggish demand from downstream sectors.Factory prices of production materials declined 5.9% from the previous year, contributing 4.6 percentage points to the PPI drop, the NBS said.The price of oil and natural gas mining industry posted a huge decline of 39.3% on year; the price of coal mining and washing industry dropped 13.0% on year and down 1.9% on month. Besides, prices of ferrous and non-ferrous metal industries remained on a losing track, data showed.The data came along with the release of the Consumer Price Index (CPI), which rose 1.4% year on year but down 0.5% from the month before in March.