The producer price index (PPI) rose 8% year-on-year, the National Bureau of Statistics (NBS) said in a statement, following an 8.3% rise in March but faster than the 7.7% growth tipped by a Reuters poll.
BEIJING: China’s producer prices rose at the slowest pace in a year in April, despite the surge in global commodity costs, leaving room for more stimulus to shore up the flagging economy, which faces pressure from heavy Covid-19 curbs.
The producer price index (PPI) rose 8% year-on-year, the National Bureau of Statistics (NBS) said in a statement, following an 8.3% rise in March but faster than the 7.7% growth tipped by a Reuters poll.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
