China's PPI down 2.7 pct in February
Robots work on an assembly line of a factory of a private enterprise in Zouping City, east China's Shandong Province, Sept. 13, 2023. (Xinhua/Guo Xulei)
BEIJING, March 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.7 percent year on year in February, the National Bureau of Statistics said Saturday.
The decrease widened from a 2.5-percent decline in January. On a monthly basis, the PPI edged down 0.2 percent, the data showed.
As industrial production slowed down due to the Spring Festival that fell in February this year, the PPI decline widened, said NBS statistician Dong Lijuan.
Demand for steel and cement dropped in February as construction projects halted during the holiday period, sending the prices of the ferrous metal smelting and rolling industry as well as the cement producing industry down 0.4 percent and 1.4 percent month on month respectively.
The PPI of coal mining and washing industry edged down 0.7 percent month on month in February, compared to a 0.1-percent increase in January, due to decreased heating demand as temperatures rose in the country's northern regions.
China's consumer price index (CPI), a main gauge of inflation, edged up 0.7 percent year on year in February, NBS data showed.
Related articles
Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21Xi Stresses Solid Efforts to Write a New Chapter in Reform and Opening Up
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Autumn scenery at Pofengling Scenic Area in Beijing
Aerial photo taken on Oct. 18, 2020 shows the autumn colors at Pofengling Scenic Area in Fangshan Di2024-05-21Ohio judge to rule Monday on whether the state’s abortion ban stands
COLUMBUS, Ohio (AP) — A county judge could rule as early as Monday on Ohio’s law banning virtually a2024-05-21Ordos wetland in north China's Inner Mongolia
Long feet snipes forage at Ordos wetland in north China's Inner Mongolia Autonomous Region, July 282024-05-21
atest comment