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Economy

China's PPI down 3.6 pct in April

May 11, 2023


Abstract : China's producer price index (PPI), which measures costs for goods at the factory gate, went down 3.6 percent year on year in April, the National Bureau of Statistics said Thursday.

BEIJING, May 11 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went down 3.6 percent year on year in April, the National Bureau of Statistics said Thursday.

The decrease expanded by 1.1 percentage points from that registered in March. On a monthly basis, China's PPI edged down 0.5 percent, according to the bureau.

Affected by the fluctuation of international commodity prices, weak demand in domestic and foreign markets and the high comparison base of the same period last year, the PPI declined, said the bureau's chief statistician Dong Lijuan.

Thursday's data also showed that China's consumer price index, a main gauge of inflation, edged up 0.1 percent year on year in April. 

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Keyword: PPI

Reading:

China's PPI down 2.5 pct in March

China's PPI down 1.4 pct in February

China's inflation remains tame in February

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China's consumer prices see mild uptick, factory inflation continues to ease

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