Beijing: China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.7% year-on-year in April, the National Bureau of Statistics (NBS) said. In addition to the annual decline, the purchasing price of industrial products also dropped by 2.7% year-on-year, according to the NBS data.
According to Emirates News Agency, NBS statistician Dong Lijuan attributed the decline primarily to imported international factors and a seasonal decrease in prices of certain energy products. This trend indicates the significant impact of global market dynamics on China's industrial pricing.
On a monthly basis, the PPI edged down 0.4% in April, as reported by the NBS data, which was carried by Xinhua. This marginal monthly decline adds to the overall downward trend observed throughout the year.
For the January-April period, the PPI fell by an average of 2.4% compared with the same period last year. This consistent decline over the months highlights ongoing challenges faced by China's industrial sector in maintaining stable price levels amid fluctuating global economic conditions.