Last month, the index showing price movements when companies ship products in China rose 9.5% from the same month last year, the highest level in 13 years.
There are concerns that soaring raw material prices will put pressure on corporate management and lead to a slowdown in the economy.
Last month's producer price index, which shows price movements when companies ship products, was released by the National Bureau of Statistics of China on the 9th, up 9.5% from the same month last year.
This rate of increase is the highest level in 13 years since August 2008, mainly due to the international rise in raw material prices such as crude oil and metals.
However, the growth in wholesale prices of consumer products has been modest, suggesting that there is no progress in passing on the rise in raw material prices.
In July, the Chinese government is taking measures such as implementing additional monetary easing to support the financing of small and medium-sized enterprises, but the continued rise in raw material prices puts pressure on corporate management and slows the economy. There are concerns about being connected.
On the other hand, last month's consumer price index, which looks at the price movements of goods and services consumed at home, increased by 0.8% compared to the same month last year, down 0.2 points from the previous month.
Last year, the price of pork, which had been soaring due to the effects of infectious diseases, fell, and tourism-related consumption was sluggish due to the re-expansion of the new coronavirus infection in Japan.