Topic: Update: Children slide China's PPI down 2.1% in Nov
Update: Children slide China's PPI down 2.1% in Nov
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Update: China's PPI down 2.1% in NovPublished: 10 Dec 2009 23:13:02 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 11, 2009 (China Knowledge) - China's producer price index, an indicator of factory-gate prices of industrial products, went down 2.1% year on year in November, according to statistics released by the National Bureau of Statistics today.</P]<P]The decline was 3.7 percentage points less than that of October.</P]<P]Prices of production materials dropped 2.7% from a year earlier last month. Prices of products in the mining sector dropped 4.1%, prices of products in the raw material industry fell 1.7%, and prices of products in the processing industry went down 2.9% year on year.</P]<P]Consumer goods prices went down 0.2% compared with prices in the corresponding period of last year. There was a 0.6% rise in food prices, a 1.1% growth in the price of clothing, and a 1.1% drop in the price of daily consumer goods. Prices of consumer durables went down 1.6% year on year.</P]<P]Purchasing prices of raw materials, fuel and power fell 3.6% from a year earlier in November, 4.8 percentage points lower than the decline in October.</P]<P]During the first 11 months of this year, China's PPI declined 6.0% year on year and purchasing prices for raw materials, fuel and power decreased 8.9% from a year earlier.</P]<P]NBS also announced that China's consumer price index edged up 0.6% last month.</P]
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