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| Industrial Producer Prices Up 3.5% in June |
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China's industrial producer prices increased by 3.5 percent in June over the same period of 2005, the National Bureau of Statistics (NBS) said Wednesday. Prices of raw materials, fuels and electricity rose in June by 6.6 percent year on year. Prices for processed mined products surged by 16.7 percent, while those of raw materials rose 8.5 percent. Processed products rose by 1.3 percent. Wholesale prices for consumer products slid by 0.2 percent year on year. Food prices dropped 0.4 percent and durable consumer products by 2.1 percent. Manufacturer's prices for crude oil rocketed 28.4 percent in June and that for gasoline, kerosene and diesel, up 33.7 percent, 36 percent and 24.9 percent respectively. The price of raw coal was up 3.2 percent. Prices for refined, rolled and flattened ferrous metals declined by 4.2 percent, compared to a 26.8 percent increase in prices for refined, rolled and flattened non-ferrous metals. The industrial producer prices in the first six months gained 2.7 percent over the same period of last year, with purchasing prices for raw materials, fuels and electricity were up 6.1 percent. (Xinhua News Agency July 19, 2006) |
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