China's National Bureau of Statistics Reports Price Fluctuations

In the latest data released by China's National Bureau of Statistics, it has been revealed that a majority of capital goods in the country experienced price fluctuations between late-March and early-April. The report covers 50 major goods across nine categories, such as seamless steel tubes, gasoline, and fertilizer. Out of these, 26 products witnessed a decrease in prices, 20 saw an increase, while 4 remained stable during the period.

One notable change highlighted in the report is the 0.7 percent rise in hog prices, reaching 15.3 Yuan per kg (approximately 2.16 U.S. Dollars). This increase reflects the ongoing dynamics in the market for agricultural products.

The data collection process involved close monitoring of prices from nearly 2,000 wholesalers and distributors operating in 31 provincial-level regions throughout China. These regular assessments, conducted every 10 days, provide valuable insights into the economic landscape of the country.

Overall, the findings indicate a mixed trend in the pricing of essential goods, with some sectors experiencing fluctuations while others remain relatively stable. The continuous monitoring and reporting by the NBS play a crucial role in keeping stakeholders informed about market dynamics and trends.