China's producer price index (PPI) in January increased 1.0% from the preceding month and 0.3% from a year ago, showed data from the National Bureau of Statistics on February 20.

The year-on-year growth marked a noticeable improvement from 0.4% yearly decline recorded in December last year.

Coal mining and washing industry witnessed purchase prices advance 9.1% year on year, with the growth expanding by 7.8 percentage points compared with the a month earlier. It was also 6.4% higher compared with December 2020, data showed.

Ferrous metal smelting industry posted a year-on-year increase of 9.9% and a month-on-month growth of 3.8%, while non-ferrous metal smelting industry climbed by 8.9% from a year ago and 6.4% compared with the month-ago level.

Oil, coal and other fuels processing industry declined 9% in January from the year-ago level, narrowing from a 12.5% drop a month earlier. It, however, was 5.3% higher month on month in January.

The consumer price index (CPI) declined 0.3% year on year, reversing a marginal growth of 0.2% recorded in the preceding month, yet on a monthly basis, it climbed 1%, data showed.

(Writing by Emma Yang  Editing by Harry Huo)
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