China’s producer price index (PPI) rose 0.9 percent year-on-year in December 2018, down from the 2.7 percent growth in November, according to NBS data.
For the whole of 2018, PPI rose 3.5 percent year-on-year, down from 6.3 percent growth in 2017, NBS data showed.
In 2018, the purchasing prices for manufactured goods were up by 4.1 percent, according to NBS data.
In December alone, the purchaser price index for manufactured goods increased 1.6 percent year-on-year, a decrease of 0.9 percent from November.
The year-on-year purchaser price indices for building materials and non-metallic materials went up by 7.9 percent, fuel and power increased 3.8 percent, ferrous metal materials increased 2.4 percent, non-ferrous metal materials and wires went down by 2.0 percent.
Notes:
Producer Price Index (PPI) for manufactured goods consists of producer price index and purchaser price index.
The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.
The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.