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Price of Industrial Goods Continues to Rise
The price of China's industrial products continued to rise and the market registered brisk supply and demand in April, figures released on May 19 from the National Bureau of Statistics (NBS) show.
The selling price of industrial goods increased by 2.6 percent on a yearly basis in April; the increase range was 0.7 percentage points higher than that of March.
The purchase price of raw materials, fuel and power rose 5.3 percent, 0.5 percentage points higher than in March.
The NBS noted that the production price of crude oil, rolled steel and textiles saw a marked year-on-year increase, while that of food, daily-use articles and durables dropped five percent, 2.1 percent and 3.8 percent respectively.
Statistics also show that in the first four months of this year, the selling price of industrial products rose 1.4 percent yearly on average, and the purchasing price of raw materials, fuel and power was 3.9 percent up.
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