China’s Producer Price Index down

June 9th, 2012 - 1:16 pm ICT by IANS  

Beijing, June 9 (IANS) China’s Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 1.4 percent in May from a year earlier, the National Bureau of Statistics (NBS) said Saturday.

It fell deeper than April’s 0.7 percent, and marked another month of year-on-year decline after China’s PPI saw a drop in March for the first time since December 2009, reported Xinhua.

On a month-on-month basis, the country’s PPI in May decreased 0.4 percent, the NBS said in a statement on its website.

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