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Change of Corporate Goods Prices in August

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Corporate goodsprices under surveillance of the PBC showed that general prices rose by 0.6percent on a month-on-month basis, or 9.5 percent from a year earlier. Theprice level in the first eight months increased by 8.6 percent. Prices ofcapital goods  grew by 0.7 percent compared with July, or 9.7 percent froma year earlier. The price level of capital goods in the first eight monthsincreased by 8.8 percent. Prices of consumer goods increased by 0.5 percent comparedwith July, or by 9 percent from a year earlier. The price level of consumergoods in the first eight months increased by 8.1 percent. (See Table)

Table

Item

Month-on-month change(percent)

Year-on-year change(percent)

Unprocessed grain

0.2

27

  Paddy rice

-0.8

28.6

  Wheat

1

33.1

  Corn

1.1

21.4

Processed grain

0.2

25

Ferrous metal

3.2

23.4

Steel

3.1

19.8

  Rebar

3.3

20.7

  Angle iron

5.5

17.8

  Wire rod

5.5

29.6

Nonferrous metal

1.4

29.4

  Alumina

-1.7

29.1

Fertilizers

2.2

10.5

Pesticide

0.3

3.1

Farming machines

0.2

4

Raw coal

1.5

40.1

Crude oil

0.6

10.4

Refined oil

2.6

18.1

Electricity

1.1

5

Livestock meat products

2.2

3.8

Processed eggs

3.6

8.2

Vegetable oil

-1.3

10.9

Textile

0.1

3.3

Clothing

0.5

-2.9

Medicine

-0.1

-2.7

Washing machine

0.1

-5.6

Refrigerator

-0.1

-1.8

Air conditioner

-0.1

-4.7

Television

-0.2

-3

Computer

-0.5

-3

Corporate goodsprices: a composite price index compiled by the PBC, which reflects the trendand extent of the movement of transaction prices among enterprises. Goodsreferred in the survey covers all social material products, including capitalgoods and consumer goods. The survey tracks the centralized trading pricesemerged in the first phase of the wholesale process among enterprises. Forgoods sold not through the wholesalers but to consumers directly, the tradingprices are called “the producers’ price”

Capital goods:fixed assets and non-fixed assets investment products centrally traded in thefirst phase of the wholesale process among enterprises

Consumer goods:food and non-food consumer products centrally traded in the first phase of thewholesale process among enterprises

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