China's producer price index (PPI) decreased by 2.3 percent year on year and was down 0.3 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on April 11. Meanwhile, in March Chinese industrial producers' purchase prices were down 2.5 percent year on year and declined by 0.5 percent from the previous month. In the first quarter this year, the average producer price index (PPI) decreased by 2.0 percent, while industrial producers' purchase prices were down 2.1 percent during the given period, both year on year.
In March, the PPI for capital goods decreased by 3.0 percent year on year and was down 0.4 percent from the previous month. Specifically, in March this year the PPI for the domestic raw material industry was down 3.8 percent year on year and declined by 0.5 percent month on month, while the index for the processing industry was down 2.2 percent year on year and indicated a decrease of 0.3 percent month on month.
Meanwhile, China's consumer price index (CPI) in March witnessed a year-on-year increase of 2.4 percent, while it was down 0.5 percent month on month. The average CPI during the January-March period this year was up 2.3 percent year on year.
