China's PPI up 8.3 pct in March

Photo taken on Dec. 17, 2021 shows the automated production line in the digital factory of Xio Lift in Linping district, Hangzhou, east China's Zhejiang Province. (Xinhua/Huang Zongzhi)

BEIJING, April 11 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8.3 percent year on year in March, data from the National Bureau of Statistics (NBS) showed Monday.

The figure moderated from the 8.8 percent year-on-year increase registered in February this year. On a monthly basis, China's PPI gained 1.1 percent in March, compared with the 0.5 percent increase in February.

Factors including price hikes of bulk commodities in the international market led to the monthly PPI increase in March, according to senior NBS statistician Dong Lijuan.

Monday's data also showed that China's consumer price index, a main gauge of inflation, rose 1.5 percent year on year in March.