China, facing rising inflation, saw its April producer price index jump 8.1 percent from last year, due to higher prices of raw materials and energy.

The National Bureau of Statistics said Friday the year-on-year rise in the index, which measures the value of ex-factory finished products, will put more pressure on the inflation front.

April raw materials, fuel and power prices rose 11.8 percent from the same month of last year, the report said.

Bureau spokesman Li Xiaochao said the higher PPI could lead to a rising consumer price index, the key inflation measure, as producers seek to pass on their rising costs to consumers, Xinhua reported.

China's CPI was up 8.3 percent in March, following an 8.7 percent rise in the previous month. The government wants to keep CPI within 4.8 percent this year.

Copyright 2008 by United Press International


Publication date: 09 May 2008   

Source: UPI-1-20080509-06430400-bc-china-ppi.xml

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