In August this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 6.6 percent year on year, while up 0.1 percent month on month, according to the data released by China's National Bureau of Statistics (NBS). In the January-August period this year, China’s PPI for its ferrous metal smelting and rolling sector decreased by 12.2 percent year on year.
China's overall producer price index (PPI) decreased by 3.0 percent year on year in August, while it edged up by 0.2 percent month on month. Meanwhile, in August, Chinese industrial producers' purchase prices declined by 4.6 percent year on year and rose by 0.2 percent compared to July.
In the January-August period this year, China’s PPI decreased by 3.2 percent year on year, while Chinese industrial producers’ purchase prices dropped by 3.6 percent year on year.