Producer prices in China rose in May by 4.1% in annual terms, data of the Office for National Statistics showed. Compared with the annual growth of 3.4% in the previous month, the price increase in May accelerated, which is observed for the second month in a row on the back of a significant increase in commodity prices. Analysts had expected the growth rate of 3.9%. Compared with April, producer prices in May increased by 0.4% after a decrease of 0.2% a month earlier. Commodities in May increased by 7.4% in annual terms, whereas in April prices for them increased by 5.7%. However, it is expected that producer price growth in 2018 will slow down to 3.3% compared to a rise of 6.3% in 2017.
Oil prices fall as investors switch focus from Suez Canal blockage to OPEC+ meeting26.03.2021
Oil prices recover ground on worries Suez blockage may take weeks to clear25.03.2021
Asian shares fluctuate on China tech selloff24.03.2021
British inflation falls as clothing prices hit biggest annual drop since 2009