China's factory-gate prices rise for second straight month
Updated
Updated · The Wall Street Journal · May 10
China's factory-gate prices rise for second straight month
13 articles · Updated · The Wall Street Journal · May 10
The producer-price index climbed 2.8% in April, up from 0.5% in March and above the 1.7% forecast, while consumer inflation accelerated to 1.2%, National Bureau of Statistics data showed.
Monthly PPI rose 1.7% after 1.0% in March, as Middle East tensions kept energy costs high; CPI increased 0.3% month on month after a 0.7% fall.
The gains reinforced the end of a 41-month factory-gate deflation stretch that began in October 2022, though food prices fell 1.6% and nonfood prices rose 1.8%; core CPI edged up to 1.2%.
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