In April this year, China's producer price index (PPI) increased by 3.4 percent year on year and was down 0.2 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on May 10. Meanwhile, in April Chinese industrial producers' purchase prices were up 3.7 percent year on year and declined by 0.3 percent compared to March.
As for the average price index in the January-April period this year, China's producer price index (PPI) increased by 3.6 percent year on year, while Chinese industrial producers' purchase prices were up 4.2 percent year on year.
In April this year, the PPI for capital goods increased by 4.5 percent year on year. Specifically, in April the PPI for the domestic raw material industry was up 5.7 percent, while the index for the processing industry rose by 3.9 percent, both year on year.