China's PPI for April climbs 8.1%

HONG KONG (MarketWatch) -- China's producer price index climbed 8.1% in April from a year earlier, marking the nineth straight month of gains, led by higher energy and industrial metals prices. A measure that captures gains in fuel, raw material and power climbed 11.8% in April from a year earlier. Among individual components, crude oil prices climbed 37.9%, coal rose 20.9%, ferrous metals were up 24.8% and gasoline climbed 10.8%