China's producer price
index (PPI) grew 5.8 percent in January year-on-year, a report
released by China's National Bureau of Statistics on Monday shows.
According to the report, the purchase price of raw
materials, fuel and power jumped up 10.7 percent year-on-year,
with the growth rate slightly down from the average level in 2004.
With increasing rate down 1.6 percentage points over
that in last December, PPI for production means was up 7.8 percent
in January compared with the same period last year, leading to
an overall increase of 5.7 percentage points in PPI.
The report shows that the price of crude oil and
finished oil saw an obvious decline in January. The PPI for crude
oil rose 19.1 percent year-on-year with increasing rate down 16.5
percentage points than that in last December.
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