{"id":21842,"date":"2020-04-11T09:34:25","date_gmt":"2020-04-11T08:34:25","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=21842"},"modified":"2020-04-11T09:34:25","modified_gmt":"2020-04-11T08:34:25","slug":"chinas-producer-prices-down","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/chinas-producer-prices-down\/","title":{"rendered":"China\u2019s producer prices down"},"content":{"rendered":"\n<p><strong>By Xinhua<\/strong><\/p>\n\n\n<p>China\u2019s Producer Price Index (PPI), which measures costs for goods at the factory gate, dropped 1.5 per cent year on year in March, compared with a 0.4 per cent decline in February, the National Bureau of Statistics, reported.<br \/><\/p>\n\n\n<p>On a month-on-month basis, the PPI fell 1 per cent last month.<\/p>\n\n\n<p>\u201cIn the first quarter of 2020, the PPI on average inched down 0.6 per cent from the same period of last year.<\/p>\n\n\n<p>\u201cFactory prices of capital goods decreased 2.4 per cent year on year in March, widening from a 1 per cent decline in February.\u201d<\/p>\n\n\n<p>Ten of the 40 surveyed industries saw price hikes month on month, while 28 reported price drops and two witnessed unchanged prices.<\/p>\n\n\n<p>Among major industries, prices for oil and natural gas extraction saw the fastest retreat in March, plunging by 21.7 per cent year on year.<\/p>\n\n\n<p>Prices for processing of oil, coal and other fuel slumped 10.6 per cent year on year, while those of chemical raw materials and chemical products manufacturing went down 5.3 per cent over one year ago in March.<\/p>\n\n\n<p>The bureau\u2019s senior statistician, Dong Lijuan, said the carry-over effect of last year\u2019s price movements was almost zero, while new factors contributed entirely to the overall 1.5 per cent drop last month.<\/p>\n\n\n<p>Monday\u2019s data also showed China\u2019s consumer price index, a main gauge of inflation, grew 4.3 per cent year on year in March, moderating from 5.2 per cent in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Xinhua China\u2019s Producer Price Index (PPI), which measures costs for goods at the factory gate, dropped 1.5 per cent year on year in March, compared with a 0.4 per cent decline in February, the National Bureau of Statistics, reported. On a month-on-month basis, the PPI fell 1 per cent last month. \u201cIn the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[],"class_list":["post-21842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China\u2019s producer prices down - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/chinas-producer-prices-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s producer prices down - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Xinhua China\u2019s Producer Price Index (PPI), which measures costs for goods at the factory gate, dropped 1.5 per cent year on year in March, compared with a 0.4 per cent decline in February, the National Bureau of Statistics, reported. 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