China's factory-gate prices increased 10.3% year on year in December, slowing from a 12.9% growth a month ago, impacted by China's continued efforts to increase supply and tame price rallies of key raw materials.
The producer price index (PPI), which reflects the prices factories charge wholesalers for their products, dropped by 1.2% month on month in December, marking the first decline in more than a month, impacted by the retreats of crude oil and coal prices, data from the National Bureau of Statistics showed on January 12.
Thanks to authorities' unabated efforts in boosting coal supply and rein in unreasonable price rallies, the price in the coal mining and washing industry dropped 8.3% month on month in December, compared with a drop of 4.9% in November.
The whole year PPI rose 8.1% in 2021 from 2020.
The official consumer price index (CPI) last month rose 1.5% from a year earlier but declined 0.3% from November, the NBS said.
The monthly decline in CPI was mainly due to a drop in major foods prices like pork, poultry and eggs.
(Writing by Lilya Li Editing by Tammy Yang)
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