China's PPI down 0.7 pct in December

2023-01-12 09:52:11Xinhua Editor : Li Yan ECNS App Download

China's producer price index (PPI), which measures costs for goods at the factory gate, went down 0.7 percent year on year in December of 2022, the National Bureau of Statistics (NBS) said Thursday.

The decrease was narrowed by 0.6 percentage points from that registered in November. On a monthly basis, China's PPI edged down 0.5 percent in December, according to the NBS.

The narrowed year-on-year decrease in December was due to the lower comparison base in the same period last year, while declining oil prices have led to the monthly PPI decrease in December, said senior NBS statistician Dong Lijuan.

China's PPI went up 4.1 percent year on year in 2022, NBS data showed.

Thursday's data also showed that China's consumer price index (CPI), a main gauge of inflation, rose 1.8 percent year on year in December of 2022. For the whole year of 2022, the CPI rose 2 percent year on year.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2023 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]