Beijing – The National Bureau of Statistics (NBS) said on Thursday that the China Producer Price Index (PPI) rose 0.4% year-on-year in March.
The index rebounded from the 0.1% flat growth recorded in February and is in line with market expectations.
The PPI rose slightly by 0.1% per month, compared with a 0.1% decline in February.
In the first quarter of 2019, the factory entrance rate rose by 0.2% over the same period last year.
The factory prices of production materials and consumer goods increased rapidly in March, up 0.3% and 0.5% respectively.
The mining industry’s largest increase was 4.2%, followed by processing volume growth of 0.4%. The decline in raw material prices has also eased.
Dong Yaxiu, an official of the National Bureau of Statistics, said that the carry-over effect caused the PPI growth rate to rise by 0.9 percentage points in March, while the new factor dragged down by 0.5 percentage points.
The China Consumer Price Index is the main indicator of inflation, rising by 2.3% in March.
This figure rebounded from the 1.5% increase in February.
