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China: Producer Price Index for Manufactured Goods Increased in September 2008
added: 2008-10-23

In September, Producer Price Index (PPI) for manufactured goods was up by 9.1 percent year-on-year; purchasing prices for raw material, fuels and power rose by 14.0 percent.

PPI for means of production increased 10.8 percent over last September. Of the total, PPIs for mining and quarrying industry increased 30.1 percent; that of raw materials industry and machining industry correspondingly up by 13.0 and 7.3 percent. PPI for means of consumer goods grew 3.7 percent. Of which, PPIs for foodstuff increased 6.8 percent; that of clothing and commodities rose 2.1 and 4.0 percent, while that of durable consumer goods dropped 0.4 percent.

In terms of different categories:

PPI for crude oil increased 25.6 percent, year-on-year. PPIs for oil products, such as gasoline, diesel and kerosene increased 32.1, 22.3 and 35.5 percent respectively.

PPI for polystyrene grew 0.8 percent compared with the same month a year ago; that of latex up by 40.0 percent; and that of terylene declined by 3.0 percent.

PPI for mining and washing of coal industry was up by 41.1 percent from last September. Of which, PPI for crude coal increased 40.1 percent.

PPI for smelting and pressing of ferrous metals grew 24.7 percent from the same month last year. Of which, PPIs for ordinary small, medium, and large rolled-steels, wire rod and heavy steel plate correspondingly increased 30.7, 35.8, 34.1, 30.7 and 26.4 percent, year-on-year.

PPI for smelting and pressing of nonferrous metals was down by 4.6 percent, year-on-year. Of the total, aluminum, copper, lead and zinc came down 3.7, 4.1, 15.7 and 33.5 percent respectively.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metal materials, and chemical materials increased 29.0, 23.2 and 8.2 percent respectively; while that of nonferrous metal materials declined 1.5 percent, year-on-year

From January to September, a year-on-year growth of PPI grew 8.3 percent, the purchasing price for raw materials, fuels and power products increased 12.4 percent.


Source: National Bureau of Statistics of China

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