Chinese PPI April Slipped 0.7% Year on Year

China's producer price index (PPI) slipped 0.7% year on year but rose 0.2% month on month in April.

As for the PPI, the means of production price index slipped 1.2% year on year. In detail, the mining industry price index hiked 2.2%; the raw material price index rose 0.1%; the processing industry index decreased 2.2%. The means of subsistence index went up 1.1%. In detail, the food price index increased 2.2%; the clothing price index hiked 2.1%; the common article (for daily use) price index grew 1.1%; the durable consumer goods price index shrank 1.1%.

As for purchasing price index, the non-ferrous metal material price index declined 5.7% year on year; the ferrous metal price index slipped 4.7%; the industrial chemical price index decreased 3%; the fuel and power price index increased 3.4%; the building material and non-metal material price index rose 1.3%; the wood and pulp price index hiked 0.8%; the farm and sideline product price index increased 0.5%.

The information is from a report issued by the National Bureau of Statistics on May 10.