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Change of Enterprise Commodity Prices in July

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Enterprise commodity prices [1] under surveillance of the PBC showed that general prices rose by 0.3 percent onmonth-on-month basis, or 9.4 percent from a year earlier. The price level inthe first seven months increased by 8.5 percent, or 3.2 percent if thehang-over effects are accounted for. Prices of capital goods [2] grew by 0.4 percent compared with June, or 9.4 percent from a year earlier. Theprice level of capital goods in the first seven months increased by 8.7percent. Prices of consumer goods [3] remained relatively stable compared with June and rose by 9.2 percent from ayear earlier. The price level of consumer goods in the first seven monthsincreased by 7.9 percent (See Table)

 

Table

Item

Month-on-month change(percent)

Year-on-year change(percent)

Unprocessed grain

0

27.9

  Paddy rice

-1

31.5

  Wheat

1.2

33.1

Processed grain

-0.5

24.5

Vegetable oil

-2.6

12.6

 

 

 

Steel

2.1

18

  Rebar

2.8

18.9

  Wire rod

6.3

23.5

Cement

4.7

11.6

Nonferrous metal

0.9

28.7

  Alumina

-6

34.7

  Aluminum ingot

-1.5

7.5

 

 

 

Automobiles

-0.8

-4.5

  Cars

-1.3

-8.3

 

 

 

 Fertilizers

1.2

15.1

 Pesticide

0.3

2.8

 Farming machines

0.1

3.7

 

 

 

Raw coal

0.6

40

Crude oil

1.2

8.9

Refined oil

-0.5

15.5

Electricity

1.2

4.1

 

 

 

Textile

-0.6

3.7

Medicine

-0.3

-2.8

Washing machine

0.7

-3.1

Refrigerator

0.2

-2.7

Air conditioner

-0.6

-4.4

Television

-0.6

-3.2

 



[1] Enterprise commodity prices: acomposite price index compiled by the PBC, which reflects the trend and extentof the movement of commodity trading prices among enterprises. Commodityreferred in the survey covers all social material products, including capitalgoods and consumer goods. The survey tracks the centralized trading prices emergedin the first phase of the wholesale process among enterprises. For commoditiessold not through the wholesalers but to consumers directly,

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