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China: PPI climbs 10.7 pct during September
(MENAFN) On Thursday, Oct. 14 the National Bureau of Statistics stated that the Chinese producer price index (PPI), which gauges prices for goods at the factory gate, soared 10.7 percent year over year last month.
The data climbed from the 9.5 percent year-over-year rise logged during August.
Senior NBS statistician Dong Lijuan noted that the quicker growth of PPI in September was because of the price increases in coal and products of some energy-intensive sectors.
On the basis of month-on-month, China's PPI jumped 1.2 percent during September, a rise by 0.5 percentage points from the previous month.
Thursday's figure also demonstrated that the country’s consumer price index (CPI), a key measure of inflation, surged 0.7 percent year over year in the past month.
The data climbed from the 9.5 percent year-over-year rise logged during August.
Senior NBS statistician Dong Lijuan noted that the quicker growth of PPI in September was because of the price increases in coal and products of some energy-intensive sectors.
On the basis of month-on-month, China's PPI jumped 1.2 percent during September, a rise by 0.5 percentage points from the previous month.
Thursday's figure also demonstrated that the country’s consumer price index (CPI), a key measure of inflation, surged 0.7 percent year over year in the past month.
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