Jun 10, 2022 02:23 PM

FINANCE

China Factory Inflation Moderates as Commodity Prices Cool

Customers purchase vegetables at a supermarket ahead of a phased lockdown due to Covid-19 in Shanghai, China, on March 31. Photo: Bloomberg

Customers purchase vegetables at a supermarket ahead of a phased lockdown due to Covid-19 in Shanghai, China, on March 31. Photo: Bloomberg

(Bloomberg) — China’s factory-gate inflation moderated in May as global commodity prices eased, while Covid restrictions kept consumer inflation in check.

The producer price index rose 6.4% last month from a year earlier, National Bureau of Statistics data showed Friday. That compares to 8% growth in April, and it was in line with economists’ expectations.

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