China’s producer price index (PPI) eased to a 12-month low of 8.0% above year-ago in April. This marked the 16th straight month of year-over-year gains in factory-gate prices. China’s producer price index (CPI) rose at a 2.1% annual clip in April, the fastest growth in consumer prices since last November. Prices of food rose for the first time in five months, with the 1.9% annual gain the largest since October 2020. Non-food prices increased 2.2%. Easing producer prices and a CPI still well below Beijing’s target of 3% gives policymakers room for more stimulus to shore up a slowing economy.
China’s Producer Inflation Slows, Consumer Prices Rise
China’s producer price index (PPI) eased to a 12-month low of 8.0% above year-ago in April.
(Farm Journal)
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