China PPI Down 0.7% in April-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • 2019 South China Metals Summit
  • Zinc
  • Inventory data
  • Macroeconomics
  • Market commentary
  • MMi Iron Ore Port Index
  • Sales data
  • Aluminium
  • trend forecast
  • iron ore
  • Operation update
  • Lithium hydroxide
  • Futures movement

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.

Price

more
1# Silver Ingots(99.99%)
Nov.14
4079.0
20.0
(0.49%)
2# Silver Ingots(99.95%)
Nov.14
4064.0
20.0
(0.49%)
3# Silver Ingots(99.90%)
Nov.14
4049.0
20.0
(0.50%)
Gold(99.99%)
Nov.14
331.2
1.0
(0.31%)
Gold(99.95%)
Nov.14
331.1
1.2
(0.38%)

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.