China’s PPI declines by 0.5 percent in August from July

Monday, 13 September 2010 17:46:29 (GMT+3)   |  

According to China's National Bureau of Statistics, in August this year China's producer price index (PPI) increased by 4.3 percent year on year, while dropping down by 0.5 percent month on month. In the same month, China's consumer price index (CPI) rose by 3.5 percent year on year, indicating a decline of 0.2 percent from July.

In August, above-scale industrial added-value increased by 13.9 percent year on year, up 0.5 percent compared to July. In the first eight months of 2010, above-scale industrial added value rose by 16.6 percent year on year.

In the first eight months of 2010, urban fixed assets investment in China amounted to RMB 14,099.8 billion, up 24.8 percent year on year. Of this figure, state-owned and state-controlled investment accounted for RMB 5,845.2 billion, up 20.0 percent, while real estate investment accounted for RMB 2,835.5 billion, up 36.7 percent - both compared to the same period of 2009.


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