Drop in wholesale price gauge | Shanghai Daily

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August 15, 2009

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Drop in wholesale price gauge

CHINA'S corporate goods price index, also called the wholesale price index, dropped 8 percent last month from the same period last year, according to a report released yesterday by the central bank.

The wholesale price index reflects changes in the prices of commodities traded among enterprises on wholesale markets. The index rose 0.8 percent last month on a monthly basis, indicating the fifth straight month of increase since March.

In the first seven months, the wholesale price index dipped 6.8 percent year on year, the People's Bank of China said.

The price of capital goods fell 9.5 percent last month from a year earlier, but rose 0.8 percent month on month. The price of consumer goods dipped 4.3 percent year on year, but added 0.6 percent month on month.

The price of iron ore dived 33 percent year on year, but rose 2.6 percent month on month. The price of steel sank 29.9 percent year on year, but up 3.7 percent month on month.

The price of crude oil dived 44.6 percent year on year, but rose 13.6 percent month on month.

The price of autos rose 0.2 percent year on year, but shed 0.1 percent month on month.





 

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