China's corporate goods price index (CGPI) was up 4.6 percent
year-on-year in January, according to a report released by the
People's Bank of China on Thursday.
The CGPI, previously called the wholesale price index, reflects
price changes of products traded by corporations and traces overall
price fluctuations together with the consumer price index
(CPI).
Prices of farm produce rose 7.8 percent from a year ago, with
grain up 9.2 percent and vegetables down 13.7 percent.
Prices of ferrous metals edged up 5.4 percent, non-ferrous
metals soared 22.6 percent, copper climbed 27.4 percent and
aluminum was up 6.9 percent.
The overall prices of energy resources rose 7 percent - crude
oil was up 8 percent, refined oil 11.5 percent, coal 5.6 percent
and electricity 5percent.
(Xinhua News Agency February 16, 2007)