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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, March 9 (Xinhua) — China's producer prices continued to improve last month, with the decline in the producer price index (PPI) continuing to narrow, official data showed Monday.
In China, the PPI, a measure of wholesale producer price changes, fell by 0.9 percent year-on-year in February. The rate of decline was 0.5 percentage points slower than the previous month, according to data released by the National Bureau of Statistics (NBS).
According to the agency, the PPI rose by 0.4 percent on a monthly basis in February, maintaining the same growth rate as in January.
NBS statistician Dong Lijuan attributed the month-on-month increase in the PPI and the slowdown in the year-on-year decline to factors including the rising trend in international commodity prices, rapid demand growth in some domestic industries, and the effectiveness of macroeconomic policies.
China has seen month-on-month PPI growth for five consecutive months, Dong Lijuan noted, adding that this trend, especially in February, was driven by rising international prices of non-ferrous metals and crude oil, which led to higher prices in related domestic industries, as well as the development of computing power, which increased demand in some industries and caused a corresponding rise in prices.
Data released Monday also showed that China's consumer price index (CPI), a key measure of inflation, rose 1.3 percent year-on-year in February. Compared with the previous month, the CPI increased 1 percent. -0-
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