China PPI Down 0.7% in April-Shanghai Metals Market

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China PPI Down 0.7% in April

Data Analysis 11:29:25AM May 11, 2012 Source:SMM

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, NBS data showed.

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, it said.

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

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4354.0
45.0
(1.04%)
2# Silver ingots(99.95%)
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4339.0
45.0
(1.05%)
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345.1
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Gold(99.95%)
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345.1
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(0.55%)

China PPI Down 0.7% in April

Data Analysis 11:29:25AM May 11, 2012 Source:SMM

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, NBS data showed.

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, it said.

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