A citizen selects vegetables in a supermarket in Tancheng County of Linyi City/XINHUA
A citizen selects vegetables in a supermarket in Tancheng County of Linyi City/XINHUABEIJING, Jun 10 – China’s Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 1.4 percent in May from a year earlier, the National Bureau of Statistics (NBS) said Saturday.
It fell deeper than April’s 0.7 percent, and marked another month of year-on-year decline after China’s PPI saw a drop in March for the first time since December 2009.
On a month-on-month basis, the country’s PPI in May decreased 0.4 percent, the NBS said in a statement on its website.
Meanwhile, producer purchase prices went down 1.6 percent year-on-year in May and was down 0.3 percent on a monthly basis, it said.
In the first five months of this year, the PPI edged down 0.3 percent year on year, while producer purchase prices gained 0.1 percent, it said.
The NBS also announced Saturday that the consumer price index, a main gauge of inflation, rose 3.0 percent in May from a year earlier.
Xinhua News Agency, founded on November 7, 1931, is China’s national news agency as well as a global news and information network. Xinhua has set up a global news and information gathering network, with headquarters in Beijing, 33 domestic bureaus in provinces, autonomous regions and municipalities plus the special administrative regions of Hong Kong and Macao, as well as 140 bureaus in the rest of the world. Xinhua is yet to set up a bureau in Taiwan, where it has posted resident correspondents. Xinhua provides its worldwide subscribers with news and financial information products in the forms of text, photo, graphics, audio, video, and mobile phone text messages 24 hours a day in eight languages: Chinese, English, French, Russian, Spanish, Arabic, Portuguese and Japanese.
