Wednesday, May 14, 2008

China's wholesale price index up 10.3% in April

China's wholesale price index, which reflects changes in the prices of commodities traded among enterprises on wholesale markets, rose 10.3% in April compared with the same period of last year, the central bank announced on Tuesday.

The prices of coal and crude oil went up 32.1% and 44.5% year-on-year, while prices of electricity rose only by 0.4%.

The prices of meat and poultry-related products soared by 56.9% year-on-year, or 0.3% month-on-month, whereas the prices of vegetables and edible oil fell by 8.1% and 4.2%, respectively.

China's consumer price index rose 8.5% in April, according to the National Statistic Bureau.

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