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China’s factory-gate price inflation hits near 13-year high, manufacturers pass on surging raw material prices

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[unable to retrieve full-text content]Factory-gate price inflation in China hit a 13-year high in May as manufacturers passed on the surging prices of raw materials, data released on Wednesday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9 per cent in May from a year earlier, up from a gain of 6.8 per cent in April, the National Bureau of Statistics (NBS) said.This was above expectations, as a Bloomberg survey of analysts had predicted a rise of 8.5…

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[unable to retrieve full-text content]
Factory-gate price inflation in China hit a 13-year high in May as manufacturers passed on the surging prices of raw materials, data released on Wednesday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9 per cent in May from a year earlier, up from a gain of 6.8 per cent in April, the National Bureau of Statistics (NBS) said.This was above expectations, as a Bloomberg survey of analysts had predicted a rise of 8.5…

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