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![Graphics shows China's producer price index (PPI) in May fell 7.2 percent year-on-year, the National Bureau of Statistics of China announced on June 10, 2009. [Xinhua]](http://images.china.cn/attachement/jpg/site1007/20090611/0011111fa1560b9a991203.jpg "Graphics shows China's producer price index (PPI) in May fell 7.2 percent year-on-year, the National Bureau of Statistics of China announced on June 10, 2009. [Xinhua]")
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Graphics shows China's producer price index (PPI) in May fell 7.2 percent year-on-year, the National Bureau of Statistics of China announced on June 10, 2009. [Xinhua] |
China's producer price index (PPI), a major measure of inflation at the wholesale level, in May fell 7.2 percent year on year, the National Bureau of Statistics (NBS) announced Wednesday.
The decline compared with a 6.6-percent drop in April and a 4.6-percent fall in the first quarter from the same period last year.
Prices of production materials fell 8.8 percent in May year on year, the NBS said in a statement.
The PPI for January-May fell 5.5 percent over the same period last year, it said.
The NBS also announced the consumer price index for May was down 1.4 percent year on year.
(Xinhua News Agency June 10, 2009)
