China producer prices rise 5.5 pct in June

Xinhua Published: 2017-07-10 13:37:49
Share this with Close
Messenger Messenger Pinterest LinkedIn

China's producer price index (PPI), which measures costs for goods at the factory gate, rose 5.5 percent year on year in June, flat with the pace in May, official data showed Monday.

China producer prices rise 5.5 pct in June. [Photo: IC]

The staff in Dalian Special Steel Corporation dispatch the flat die steel. [Photo: IC]

The 5.5-percent rise marked the end of continued declines in PPI growth pace since February this year. In the first half of 2017, PPI averaged 6.6 percent, according to the National Bureau of Statistics (NBS).

Factory-gate price inflation in the ferrous metal and non-ferrous metal smelting and rolling processing industries expanded from a year earlier, while the price increases eased for the coal mining and dressing, petroleum processing, as well as petroleum and natural gas extraction industries, according to NBS senior statistician Sheng Guoqing.

Month on month, PPI edged down 0.2 percent in June, narrowing from the 0.3-percent decline in May, NBS data showed.

China's PPI has stayed in positive territory since September, when it ended a four-year streak of declines, partly due to the government's successful campaign to cut industrial overcapacity, which benefited the wider economy.

The PPI figures came alongside the release of the consumer price index, which rose 1.5 percent year on year in June, flat with the pace in May. 

Related stories

Share this story on

Most Popular


Highlights of WTA Wuhan Open singles 2nd round
Yellow Mountain bathed in a sea of clouds
Man rents shipping container, turns it into elegant apartment
Chinese vice premier watches 'hoops' in NYC
Li Na tastes local delicacy during WTA Wuhan Open
Giant tuna captured in South China Sea


A technology-oriented day trip in Hefei
Technology, art, culture collide in Hefei
China's self-built icebreaker "Xuelong 2" to complete in 2019
New air route linking Wuhan, Manila opens
UK's first bilingual Mandarin nursery school expands
Kissinger calls for cooperative U.S.-China relationship