China: PPI for clothing and commodities goes up
Write:
Rodman [2011-05-20]
In May, Producers' Price Index (PPI) for manufactured goods up by 8.2 percent from the same month last year; purchasing prices for raw material rose by 11.9 percent.
PPI for means of production increased 9.2 percent over last May. Of the total, PPIs for raw materials industry and machining industry correspondingly up by 10.9 and 6.3 percent; that for means of consumer goods grew 5.1 percent.
Of which, price for clothing and commodities rose 2.4 and 3.9 percent, while that for durable consumer goods dropped 0.5 percent.
In terms of different categories:
PPI for crude oil increased 30.9 percent, year-on-year.
PPI for polystyrene increased 2.1 percent compared with the same month a year ago; that of latex up by 27.7 percent; and that of terylene dropped by 4.6 percent, year on year.
In addition, wherein the purchasing price for raw materials and chemical materials increased 21.0 and 6.2 percent respectively, year-on-year.
From January to May, PPI grew 7.4 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 10.6 percent.