China's PPI up 6.4 pct in May
Source: Xinhua | 2022-06-11
China's producer price index (PPI), which measures costs for goods at the factory gate, went up 6.4 percent year-on-year in May, the National Bureau of Statistics (NBS) said Friday.
The figure moderated from the 8 percent year-on-year increase registered in April. On a monthly basis, China's PPI gained 0.1 percent in May, compared with the 0.6 percent increase in April.
Both the monthly and year-on-year growth rates of PPI continued to narrow thanks to the effective coordination of epidemic control, economic and social development, and measures to ensure smooth and stable industrial and supply chains, according to senior NBS statistician Dong Lijuan.
Friday's data also showed that China's consumer price index, a main gauge of inflation, rose 2.1 percent year-on-year in May.
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