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China's Major Economic Indicators in November

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4. The year-on-year change of consumer prices reversed from negative growth to positive one.

In November, the consumer price index went up by 0.6 percent year-on-year (it was 2.4 percent growth in November 2008), and the month-on-month change shifted from previous negative growth to current positive growth. In November, the price grew by 0.4 percent in cities and 0.9 percent in rural areas year-on-year. The food price went up by 3.2 percent while the non-food price dropped by 0.7 percent. The prices of consumer goods went up by 0.9 percent, and the prices of services down by 0.4 percent. In the first eleven months, the year-on-year change of consumer price was down by 0.9 percent (it was 6.3 percent growth the same period a year ago), or narrowed by 0.2 percentage point as compared with that in the first ten months of this year. Grouped by commodity categories, in November, of the eight categories of commodities, three of them experienced prices rise and the rest five witnessed prices decline. Of which, prices for food up by 3.2 percent, prices for tobacco, liquor and articles up by 1.3 percent, price for clothing went down by 1.2 percent, prices for household facilities, articles and maintenance services down by 1.1 percent, health care and personal articles up by 1.6 percent; transportation and communication down by 2.2 percent, recreation, education, culture articles and services down by 0.6 percent, and housing down by 1.2 percent.

In November this year, month-on-month change of consumer price was up by 0.3 percent. Of which, price in cities went up by 0.3 percent and that in rural areas went up by 0.4 percent. The food price grew by 0.5 percent while the non-food price up by 0.2 percent. The price of consumer goods grew by 0.5 percent, and the price of services down by 0.3 percent. Grouped by commodity categories, in November, prices for food up by 0.5 percent month-on-month, prices for tobacco, liquor and articles up by 0.1 percent, price for clothing went up by 0.9 percent, prices for household facilities, articles and maintenance services up by 0.1 percent, health care and personal articles up by 0.3 percent; transportation and communication up by 0.1 percent, recreation, education, culture articles and services down by 0.8 percent, and housing up by 0.8 percent.

5. The decrement of producers’ prices for manufactured goods (year-on-year change) further narrowed down.

In November, the producers’ prices for manufactured goods went down by 2.1 percent year-on-year (it was 2.0 percent growth in November 2008), or the decrement rate was 3.7 percentage points less that in the previous month. In the first eleven months of this year, the year-on-year change of the producers’ price for manufactured good was down by 6.0 percent (it was up 7.6 percent the same period a year ago), which was 0.4 percentage point lower over that in the first ten months of this year. The producers’ prices for means of production went down by 2.7 percent year-on-year in November, of which that for mining and quarrying industry down by 4.1 percent, raw materials industry down 1.7 percent and processing industry down by 2.9 percent. The producers’ prices for means of livelihood dropped by 0.2 percent, of which, the food prices up by 0.6 percent, clothing up by 1.1 percent, articles for daily use down by 1.1 percent and durable consumer goods down by 1.6 percent. In November, the month-on-month change of the producers’ prices for manufactured good went up by 0.6 percent.

In November, the purchaser’s prices for raw materials, fuel and power decreased by 3.6 percent year-on-year (it was up 4.7 percent in November 2008), the decrement was 4.8 percentage points less over that in the previous month. In the first eleven months of this year, the purchaser’s prices for raw materials, fuel and power decreased by 8.9 percent year-on-year (it was up 11.6 percent in the same period of last year), or 0.5 percentage point lower than that in the first ten months of this year. In November, the year-on-year change of prices for nonferrous metals and wire went up by 3.7 percent, fuel and power down by 5.0 percent, ferrous metals down by 10.4 percent and 5.0 percent decline for raw chemical materials.

(National Bureau of Statistics December 11, 2009)

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