Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Producer prices rise at fastest pace in 3 years
Adjust font size:

Surging energy costs have thrust China's producer prices for January to the fastest pace in three years, the National Bureau of Statistics said today.


The Producer Price Index (PPI), the main gauge of factory-gate inflation, rose 6.1 percent last month from a year earlier, outpacing the 5.4 percent growth in December and a 4.6 percent gain in November.


“PPI has been on a fast track since November, it doesn't come as a surprise to see a rising figure for January,'' said Feng Yuming, an Orient Securities Co analyst.


The worst snowstorms in five decades hit many parts of the country last month and contributed to the rise, Feng said.


Crude oil factory-gate prices were the fastest growing sector at 29.9 percent in January. Non-ferrous metal prices increased 17.3 percent. Food prices gained 10.4 percent.


Energy costs rose 15.7 percent last month.


The higher PPI may also push the consumer price index to a high, Feng said.


The statistics authority is scheduled to release the CPI numbers tomorrow.


(Shanghai Daily February 18, 2008)


Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- PPI Slows on Falling Oil Prices
- Non-ferrous Metals Shine
- PPI of Manufactured Goods Up 2.6%
- January CPI growth likely to hit new high
- Bank of China predicts 7.5% CPI rise in January
Most Viewed >>
- More oil futures products needed

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?