In December this year, China's producer price index (PPI) decreased by 3.3 percent year on year and was down 0.6 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on January 9. Meanwhile, in December Chinese industrial producers' purchase prices were down 4.0 percent year on year and declined by 0.8 percent from the previous month. In the full year of 2014, the average producer price index (PPI) decreased by 1.9 percent, while industrial producers' purchase prices were down 2.2 percent, both year on year.
In December, the PPI for capital goods decreased by 4.3 percent year on year and was down 0.8 percent from the previous month. Specifically, in December this year the PPI for the domestic raw material industry was down 6.4 percent year on year and declined by 1.5 percent month on month, while the index for the processing industry declined by 2.5 percent year on year and decreased by 0.3 percent month on month.
Meanwhile, China's consumer price index (CPI) in December witnessed a year-on-year increase of 1.5 percent, while it was up 0.3 percent month on month. The average CPI during the full year of 2014 was up 2.0 percent year on year.