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China's PPI up 0.1% M-O-M in Feb

Mar. 9, 2012 (China Knowledge) - China's producer price index (PPI), an indicator of the factory-gate prices of industrial products, grew 0.1% month on month in February, ending a downward trend for four consecutive months, said the National Bureau of Statistics today.   
The PPI last month remained unchanged compared with the same month of 2011.
Last month, prices of production materials edged up 0.2% month on month but fell 0.5% from a year earlier. Prices of products in the mining sector increased 4.7% year on year and 0.7% month on month. Prices of products in the raw materials rose 0.7% from the previous month or 1.2% year on year, and prices of products in the processing industry dropped 0.1% month on month or 1.8% compared with a year earlier.
Prices of consumer goods fell 0.1% from the previous month but went up 1.7% compared with the corresponding period of last year. On year-on-year basis, there was a 2.6% rise in food prices, and a 3.1% increase in the price of clothing. Prices of daily consumer goods rose 1.5% year on year, but prices of consumer durables went down 0.4% year on year.

Last month, the purchase prices of industrial producers rose 0.1% month on month or 1.0% year on year. The prices of nonferrous metal materials dropped 3.3% year on year but rose 1.3% month on month. The purchase prices of fuel and power rose 6.0% year on year and 0.5% month on month in February.
In the first two months, the country's PPI rose 04% year on year.

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