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China's Apr PPI up 8.0% YoY, CPI up 2.1% YoY

sxcoal.com General 2022-05-11 10:01:15

China's official producer price index (PPI), which reflects the prices that factories charge wholesalers for products, registered a faster-than-expected year-on-year growth of 8.0% in April, data from the National Bureau of Statistics showed.


The faster growth indicated the continued impact from rising commodity prices amid the conflicts between Russia and Ukraine, although it retreated slightly from a yearly increase of 8.3% in March.


The PPI index also climbed by 0.6% compared with the preceding month, data showed.


China's consumer prices presented an increase from both a year ago and a month earlier. The official consumer price index (CPI), which measures the price of consumer goods and services, rose 2.1% year on year and 0.4% month on month, mainly driven by the logistic disruption during a fierce war against the spreading pandemic flare-ups.


(Writing by Emma Yang  Editing by Tammy Yang)
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