China's corporate goods price index in November rose 0.3 percent from the previous month causing renewed concern of inflation pressures.

 

According to data released by the central bank Tuesday, the corporate goods price index in November was 4.1 percent higher than the same month last year.

 

The CGP index, previously called the wholesale price index, reflects price changes of products traded by corporations, and traces overall price fluctuations together with the consumer price index (CPI).

 

According to the statistics, grain prices rose 1.6 percent in November while cotton dropped 1.4 percent. Also in the month, gold prices rose 1.5 percent while copper declined 3.2 percent.

 

The overall price of energy resources products declined 1.6 percent in November - crude oil was down 9.2 percent and finished oil 0.8 percent. The price of coke dropped 0.1 percent while crude coal rose 0.8 percent in the period.

 

Central bank's statistics also show that the price of textile products rose 0.3 percent in November over the previous month and the price of automobiles dropped 0.6 percent.

 

(Xinhua News Agency December 14, 2006)