
BEIJING, Dec. 10 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.4 percent year on year in November, the National Bureau of Statistics (NBS) said Tuesday.
The reading shrank from the 1.6-percent decline in October, the NBS data showed.
On a monthly basis, the PPI decreased 0.1 percent last month, compared with an increase of 0.1 percent in October, according to the NBS.
In the first 11 months, the PPI on average declined 0.3 percent from that in the same period last year.
Factory prices of capital goods decreased 2.5 percent year on year in November, shrinking from the 2.6 percent decline in October.
Among major industries, oil and natural gas extraction saw slower price drops in November, with prices declining 11.2 percent year on year, narrowing by 6.7 percentage points.
Prices for ferrous metal smelting and rolling decreased 5.3 percent over one year ago, while non-ferrous metal smelting and rolling saw producer prices rise 0.5 percent year on year in November.
Twelve of the 40 surveyed industries saw price hikes month on month, while 19 reported price drops and nine witnessed unchanged prices.
NBS senior statistician Shen Yun said the carryover effect of last year resulted in a drop of 0.9 percentage points in the PPI decline in November, while new factors dragged down the index by 0.5 percentage points.
Tuesday's data also showed China's consumer price index, a main gauge of inflation, rose 4.5 percent year on year in November.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses