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Home >> Business
UPDATED: 16:49, May 11, 2007
Producer prices in China's mining sector post minor gains in April
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Producer prices of industrial products in China's mining sector rebounded by 0.5 percent year-on-year in April, according to a report released by the National Bureau of Statistics (NBS) on Friday.

Forced down by the falling producer prices of domestic crude oil, the producer prices of industrial products in the mining sector declined for the first time in five years in February and again in March.

The NBS statistics the producer price of domestic crude oil dropped by 4.3 percent in April, compared with s 9.6 percent drop in March and a 7.7 percent drop in February.

Producer prices of all industrial products in April rose 2.9 percent year-on-year, which was 0.2 percentage points higher than the rise in March.

Production materials in April rose by 3.1 percent, while raw materials recorded a 6.1 percent increase. Basic necessities climbed 2.1 percent, with food prices up 5.5 percent.

The producer price for coal in April rose 2.1 percent.

Source: Xinhua


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