The index of price movements when companies ship products in China rose 12.9% last month and remains at record highs against the backdrop of high energy prices.
According to China's National Bureau of Statistics, last month's producer price index, which shows price movements when companies ship products, rose 12.9% compared to the same month last year.
Although it has shrunk by 0.6 points from the previous month, which was the highest ever since October 1996 when statistics were released, it is the second highest ever and remains at a record level.
This is mainly due to the high international prices of crude oil and natural gas.
Soaring raw material prices have been one of the slowdown factors in the Chinese economy, and authorities have raised concerns as China's central bank announced additional monetary easing measures on the 6th of this month to support the financing of small and medium-sized enterprises. increase.
On the other hand, last month's consumer price index, which shows the price movements of household goods and services announced at the same time, increased by 2.3% compared to the same month last year, and the rate of increase increased by 0.8 points.
As the prices of foods such as vegetables and gasoline are rising, there is a sense of caution that rising prices will push down personal consumption.