emirates7 - China's producer price index (PPI), which tracks the cost of goods at the factory level, declined by 2.7% in April compared to the same month last year, according to data from the National Bureau of Statistics (NBS).
The NBS also reported that the purchasing prices of industrial products saw a 2.7% year-on-year decrease in April.
According to NBS statistician Dong Lijuan, the was mainly due to international import-related factors and seasonal declines in the prices of certain energy commodities.
On a month-over-month basis, the PPI slipped by 0.4% in April, the NBS noted, as reported by Xinhua.
From January to April, the PPI recorded an average annual decline of 2.4% compared to the same four-month period last year.
The NBS also reported that the purchasing prices of industrial products saw a 2.7% year-on-year decrease in April.
According to NBS statistician Dong Lijuan, the was mainly due to international import-related factors and seasonal declines in the prices of certain energy commodities.
On a month-over-month basis, the PPI slipped by 0.4% in April, the NBS noted, as reported by Xinhua.
From January to April, the PPI recorded an average annual decline of 2.4% compared to the same four-month period last year.