China's PPI up 0.9 pct in September

A worker works at an intelligent production base of the Great Wall Motors (GWM) in Yongchuan District of Chongqing, southwest China, Sept. 22, 2022. (Xinhua/Wang Quanchao)

BEIJING, Oct. 14 (Xinhua) -- China's producer price index (PPI), which measures costs of goods at the factory gate, went up 0.9 percent year on year in September 2022, the National Bureau of Statistics (NBS) said Friday.

The figure moderated from the 2.3 percent year-on-year increase registered in August. On a monthly basis, China's PPI fell 0.1 percent in September.

Due to price declines of bulk commodities, including international crude oil, the prices of industrial products fell on the whole last month, said senior NBS statistician Dong Lijuan.

The coal mining and washing industry saw its PPI fall 2.7 percent year on year in September, while the PPI of the electricity and heat production and supply industry rose 10.1 percent year on year last month, the data showed.

The carry-over effect of last year's price movements contributed about 1.3 percentage points to the year-on-year PPI growth in September, according to the NBS.

Friday's data also showed that China's consumer price index, a main gauge of inflation, rose 2.8 percent year on year in September.