China producer prices tick higher
(AFP)
Updated: 2006-06-09 15:01 Factory gate prices in China
gained 2.4 percent in May compared with a year ago, as energy products and
metals materials became more expensive, government data shows.
China's producer price index (PPI) rose 1.9 percent in April and 2.6 percent
in the first five months of the year, the National Bureau of Statistics said.
Data for May showed procurement prices for raw materials, fuel and power rose
5.5 percent. For the January to May period prices rose 5.9 percent.
In May alone, prices for crude oil, gasoline, kerosene and diesel were up
20.7 percent, 19.8 percent, 24.1 percent and 20.5 percent.
Non-ferrous metal processing prices increased 25.3 percent, with prices for
copper, aluminium, lead and zinc up between 9.5 percent and 66.5 percent.
Production material prices increased 3.4 percent, while mining and
exploration cost rose 12.9 percent.
In the processing industry, prices rose 0.8 percent, while consumer goods
prices were down 0.4 percent. Food and related products fell 0.8 percent, while
clothing and related product prices were up 1.2 percent.
(For more biz stories, please visit Industry Updates)
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