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China PPI down 7.2% in May year on year |
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10:40, June 10, 2009 |
China's CPI falls 1.4% in May
Analysis: What led to the continuous decline of PPI in May?
China's producer price index (PPI), a major measure of inflation at the wholesale level, in May fell 7.2 percent year on year, the National Bureau of Statistics (NBS) announced Wednesday.
The decline compared with a 6.6-percent drop in April and a 4.6-percent fall in the first quarter from the same period last year.
Prices of production materials fell 8.8 percent in May year on year, the NBS said in a statement.
The PPI for January-May fell 5.5 percent over the same period last year, it said.
The NBS also announced the consumer price index for May was down 1.4 percent year on year.
Source:Xinhua
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