PPI

US wholesale prices slip in December, 1st drop in 16 months

Washington - Muslimchronicle

US wholesale inflation slipped in December, the first decline in 16 months, mostly due to falling services prices, the government reported Thursday. The Producer Price Index, which tracks the costs of wholesale goods and services, slipped 0.1 percent in the final month of the year, after posting five-year highs in each of the previous two months. Economists had been expectedRead more

US wholesale inflation falls in July on declining services costs

Washington - Muslimchronicle

Falling services costs drove US wholesale inflation down in July, marking the first contraction in nearly a year, the Labor Department reported Thursday. The dip in the Producer Price Index reversed the modest gain seen in June and could further weaken the case for continued interest rate tightening by the Federal Reserve. PPI, which measures costs of wholesale goods andRead more

Govt : China producer prices jump 7.6% in March

Beijing - Arab Today

Prices for goods at the factory gate in China jumped in March, the government said Wednesday, in a positive sign of strengthening demand for the world's second-largest economy. The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics, slightly beating economist expectations of a 7.5 percent increase in a Bloomberg New survey.Read more

US wholesale inflation sees biggest monthly gain in 4 years

Washington - Arab Today

US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labor Department. The Producer Price Index (PPI), which measures prices from the seller’s perspective, rose 0.6 percent in seasonally adjusted figures, which was the largest such gain since September 2012 and well above anRead more

China Consumer Prices Grew Faster in 2016

Beijing - QNA

China's consumer inflation reported faster growth last year, the National Bureau of Statistics (NBS) said Tuesday, as a price rebound in commodities gradually drove up prices. The consumer price index (CPI), a main gauge of inflation, rose 2% in 2016, up from 1.4% in 2015, the same rate as 2014, according to an NBS statement. The figure was belowRead more

China Consumer Prices Up 2.3 Pct In November

Beijing - Xinhua

China's consumer prices continued to rise in November, buoyed by a jump in food and fuel costs, while factory prices beat market expectations to rise to a five-year high, fanning inflation concerns. The producer price index (PPI) rose 3.3 percent last month from a year earlier, a level not seen since late 2011, the National Bureau of Statistics (NBS) saidRead more

South Korea's producer prices rise for 4 months

Seoul - Xinhua

Producer prices in South Korea, which reflect consumer price inflation several months ahead, rose for four months in a row, heralding higher headline inflation, central bank data showed on Tuesday. The producer price index (PPI) stood at 99.90 in November, up 0.4 percent from the previous month, according to the Bank of Korea (BOK). The index gained for four straightRead more

China Industrial Profit Growth Accelerates to 9.8%

Beijing - QNA

China's combined industrial profits rose 9.8% year on year in October, up from 7.7% registered in September, official data showed Sunday. The acceleration was attributed to faster growth of sales revenue, rising producer prices and the strong profit growth in chemical, coal and general equipment sectors, the National Bureau of Statistics (NBS) said in a statement. The main business revenueRead more

China's producer price decline narrows in August

Beijing - XINHUA

China's producer price index (PPI), which measures costs for goods at the factory gate, posted a milder decline in August due to a low comparison base, official data showed. The PPI dropped 0.8 percent year on year in August, a narrower decrease than the 1.7 percent in July, the National Bureau of Statistics (NBS) said Friday. The reading marked theRead more

China producer prices fall at slowest in 4 years

Beijing - AFP

China's producer prices fell at their slowest rate for more than four years in August, the government said Friday, another sign of stabilisation in the world's second-largest economy. The news came a day after Beijing unveiled a forecast-beating rise in imports -- the first in almost two years -- raising hopes that a long period of slowing growth could beRead more