Kunming’s prices of 60% industrial products boom in 1st 9 months
Source: Time:
Prices of industrial products have remained at a very high level in first 9 months in Kunming, compared with the same period last year. The producer price index (PPI), a major measure of inflation at the wholesale level, rose 12.4 per cent from January to September.
The purchase price indexes of raw material, fuel and power have increased by 10.1 per cent, mainly due to higher prices for non-ferrous metals.
Nonferrous metals mining and dressing industry, nonferrous metals smelting and rolling processing industry,and water production & supply industry have received the biggest price hike, namely 50.2%, 37.7%, and 39.4%.
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