China’s producer prices fall for 45th month

Beijing, Dec 9 (IANS) China’s producer prices fell for the 45th straight month but at a narrower rate against market expectation, data from the National Bureau of Statistics showed on Wednesday.

The producer price index (PPI), a measure of costs for goods at the factory gate, dropped 5.9 percent year on year, and the decline was slightly less than the six percent market forecast and unchanged from the rate seen in the last three months, Xinhua reported.

Month on month, PPI in November edged down 0.5 percent mainly due to price drop in the non-ferrous metal smelting and oil processing industry. The index fell 5.2 percent from a year ago in the January-November period.

Output prices of production materials fell 7.6 percent in November, contributing 5.8 percentage points of the PPI drop, while those of consumer goods edged down 0.4 percent during the period.

The data came along with the release of the consumer price inflation index, which rose 1.5 percent in November, beating market forecast of 1.4 percent and the 1.3 percent rise in October.

Deflation pressure remains in China despite the better-than-expected PPI and CPI data, said HSBC analyst Qu Hongbin, projecting further monetary easing policies.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here