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Economy

China's PPI down 1.3 pct in November

December 09, 2022


Abstract : China's producer price index (PPI), which measures costs for goods at the factory gate, went down 1.3 percent year on year in November, the National Bureau of Statistics said Friday.

BEIJING, Dec. 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went down 1.3 percent year on year in November, the National Bureau of Statistics said Friday.

The decrease was flat with that registered in October. On a monthly basis, China's PPI gained 0.1 percent in November, moderating from the 0.2-percent increase in October.

Due to a high comparison base in the same period last year, the PPI continued a year-on-year decline in November, while rising coal, oil and non-ferrous metal prices have led to the monthly PPI increase last month, according to senior NBS statistician Dong Lijuan.

Friday's data also showed that China's consumer price index, a main gauge of inflation, rose 1.6 percent year on year in November.

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Keyword: PPI

Reading:

China's consumer prices stable, factory prices drop

China's PPI up 0.9 pct in September

China's PPI up 2.3 pct in August

Economic Watch: China has favorable conditions for overall price stability

China's consumer prices increase mildly, factory inflation eases

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