In February this year, China's producer price index (PPI) decreased by 2.0 percent year on year and was down 0.2 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on March 9. Meanwhile, in February Chinese industrial producers' purchase prices were down 2.1 percent year on year and declined by 0.3 percent from the previous month.
In February, the PPI for capital goods decreased by 2.5 percent year on year and was down 0.3 percent from the previous month. Specifically, in February this year the PPI for the domestic raw material industry was down 3.2 percent year on year and declined by 0.5 percent month on month, while the index for the processing industry was down 2.0 percent year on year and indicated a decrease of 0.2 percent month on month.
Meanwhile, China's consumer price index (CPI) in February witnessed a year-on-year increase of 2.0 percent, while it was up 0.5 percent month on month. The average CPI during the January-February period this year was up 2.2 percent year on year.
