According to the National Bureau of Statistics, the producer price index a measure of inflation at the wholesale level rose 6.5%YoY in China in September while the purchase prices paid by industrial producers rose 10%YoY.

For the first nine months, the producer price index rose 7% while the purchase prices paid by industrial producers were up 10.4%. The ex-factory price of means of production in September dropped 0.1%MoM. Compared with the same period a year ago prices rose 7.1%t.

The ex-factory price of means of subsistence rose 0.3%MoM and 4.6%YoY. The mining industry posted a 0.1%MoM drop in the ex-factory price of means of production. Compared with September 2010, prices rose 17.2%YoY.

The ex-factory price of food rose 0.6%MoM and 8.2%YoY. The purchase prices paid by producers of non-ferrous metals dropped 0.4%MoM. Compared with the same period last year, purchase prices rose 14.7%.

The purchase prices paid by producers of fuel and power fell 0.1%MoM. Compared with September 2010, prices rose 12.3%. Producers of chemical materials recorded 0.3%MoM and 12.7%YoY increases in purchase prices.