China Q1 industrial ex-factory prices up 0.8 pct yr-on-yr

SHANGHAI (AFX-ASIA) - China's industrial ex-factory prices in the first quarter rose 0.8 pct from a year earlier, an annualised growth rate 2.5 percentage points slower than the rate for the fourth quarter of last year, the National Bureau of Statistics said. Compared to the same period in 2000, industrial ex-factory prices rose 1.4 pct in January, rose 0.9 pct in February and rose 0.2 pct year-in March. Ex-factory prices for production materials in the first quarter rose 1.9 pct from a year earlier, while prices of extraction equipment rose 7.3 pct and prices of raw materials rose 4.6 pct. Although rate of growth in domestic ex-factory prices for crude oil and oil products slowed, the increase in these prices was still the main factor pushing up prices of production materials, the bureau said. Crude oil ex-factory prices in the first quarter rose 13.5 pct from a year earlier, while petrol prices rose 14.7 pct and diesel prices rose 19.9 pct. Ex-factory prices for raw coal rose 2.9 pct from a year earlier, while ex-factory prices in the ferrous metals processing industry rose 3.2 pct and ex-factory prices in the textile industry rose 1.9 pct. Ex-factory prices of materials for everyday life use dropped 1.6 pct.

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