China's PPI for manufactured goods rose by 6.4% YoY in May

18 Jun '22

1 min read

Pic: humphery/Shutterstock

China’s producer price index (PPI) for manufactured goods rose by 6.4 per cent year on year (YoY) in May this year and by 0.1 per cent month on month (MoM). The purchasing price of industrial products increased by 9.1 per cent YoY and by 0.5 per cent MoM. The prices of textile raw materials grew by 7.8 per cent YoY and by 0.3 per cent MoM in May.

The January-May growth rate for textile raw materials was 8.8 per cent in the country.

The prices of fuel and power increased by 31.6 per cent YoY and by 0.4 per cent MOM in the month.

The prices of chemical raw materials rose by 10.5 per cent YoY in May and by 0.2 per cent MoM, according to official statistics.

From January to May, the producer price of industrial products increased by 8.1 per cent over the same period last year, and the purchasing price of industrial products increased by 10.8 per cent.

Prices in the raw material industry increased by 0.1 per cent, and those in the processing industry increased by 0.1 per cent.

ALCHEMPro News Desk (DS)

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