Caixin
ECONOMY

Producer Price Index Posts Strongest Gain in Over Five Years

By Fran Wang

(Beijing) — A key gauge of wholesale prices in China rose at the fastest pace in more than five years in December, official data showed Tuesday, a development fueled by a surge in supply costs that analysts believe will be short-lived.

The producer price index (PPI) soared at a surprising 5.5% last month from a year ago, the National Bureau of Statistics (NBS) said in a statement.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.