China's PPI up 8 pct in April

China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8 percent year on year in April, the National Bureau of Statistics (NBS) said Wednesday.

The figure moderated from the 8.3 percent year-on-year increase registered in March this year. On a monthly basis, China's PPI gained 0.6 percent in April, compared with the 1.1 percent increase in March.

Despite high international commodity prices, both the monthly and year-on-year growth rates of PPI slowed down thanks to the resolute implementation of policies of ensuring supply and price stability by all regions and government departments, according to senior NBS statistician Dong Lijuan.

Wednesday's data also showed that China's consumer price index, a main gauge of inflation, rose 2.1 percent year on year in April.

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