China Factory-Gate Inflation Hits Fastest Pace in Almost 4 Years as CPI Misses at 1.2%
China’s consumer inflation missed forecasts in May, with the consumer price index rising 1.2% from a year earlier versus a 1.3% poll estimate, while factory-gate inflation accelerated to its fastest pace in almost four years.
Higher energy and commodity costs, fueled by the conflict in the Middle East and AI-related costs, were cited as drivers of stronger wholesale prices. The pickup in factory prices brings China closer to ending a record streak of economy-wide deflation, even as consumer inflation remained below expectations.
From the sources (5 posts)
@financialjuiceChina consumer price index rises 1.2% year-on-year, polls had forecast 1.3%
@cnbcChina May wholesale prices hit near 4-year highs on Iran war, AI costs; consumer inflation misses
@businessChina’s consumer inflation unexpectedly stalled in May even as factory prices rose at the fastest pace in almost four years, as higher commodity costs bring closer the end of a record streak of economy-wide deflation
@wsjChina’s factory-gate inflation accelerated in May as the ongoing conflict in the Middle East kept fueling higher energy and commodity costs.
@polymarketNEW: China's producer inflation in May soared to highest level in four years.