China Producer Prices Change

Producer prices in China dropped by 2.8 percent year-on-year in May of 2016, lower than a 3.4 percent decline in the previous month and market expectations of a 3.3 percent fall. It was the smallest decrease since November 2014 as prices declined for most of components except clothing and food production. Prices of mining products declined the most by 9.6 percent, followed by raw materials (-7.2 percent), processing (-1.8 percent), daily use goods (-0.3 percent) and consumer durable goods (-1.7 percent). In contrast, prices of food productions and clothing rose by 0.6 percent and 0.7 percent, respectively. The index has been in a negative territory since March 2012. Producer Prices Change in China averaged 0.98 percent from 1995 until 2016, reaching an all time high of 13.47 percent in July of 1995 and a record low of -8.20 percent in July of 2009. Producer Prices Change in China is reported by the National Bureau of Statistics of China. In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for – China Producer Prices Change – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.