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Prices of Industrial Products Drop in September
Factory prices of industrial products in China dropped for the sixth consecutive month in September, dipping 2.9 percent on an annual basis, the National Bureau of Statistics (NBS) said Thursday.
NBS figures show that in September the prices of capital goods fell 3.5 percent from one year earlier, and the rate was bigger than that in August.
The September factory prices of oil products decreased by 13 percent year on year. Affected by the crude price in the world market, the price of crude oil in China dropped by 14.5 percent in September, with that of gasoline diving by 18.7 percent.
The prices of consumption goods maintained the downward momentum in September which saw a year-on-year drop of 1.5 percent. And durable consumption goods sustained a big fall of 4.8 percent.
In the January-September period, factory prices of industrial products were 0.5 percent lower than the same period of last year, according to NBS figures. Enditem
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