BEIJING, Sept. 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went up 3.8 percent year on year in August, the National Bureau of Statistics (NBS) said Wednesday.
On a month-on-month basis, the PPI reversed a 0.7-percent decline in July to rise 0.4 percent in August, NBS data showed.
Explaining the month-on-month movement, NBS statistician Dong Lijuan said imported price pressures, particularly higher international crude oil and nonferrous metal prices, pushed up prices in some domestic industries, while industrial transformation and upgrading boosted demand and prices in some emerging sectors.
Seasonal factors also played a role, with stronger summer demand for electricity and coal lifting prices in related sectors, while high temperatures and rainfall weighed on construction activity and prices in related industries.
Wednesday's data also showed that China's consumer price index, a key gauge of inflation, rose 0.8 percent year on year in August. ■
