China's Producer Price Index for Manufactured Goods Climbs to 10.1% in August
Posted on September 15, 2008 at 01:00 AM EDT
BEIJING--September 15, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Following the creation of a 12-year record-high July 2008, China's producer price index (PPI) for manufactured goods increased 10.1% year-over-year in August 2008, 0.1 percentage point higher compared with the rate in July. Of this, prices for raw materials, fuels and power rose 15.3% year over year, 0.1 percentage point lower than the rate in July, the National Bureau of Statistics of China announced on September 10.