1 Day
Source:
الاقتصادية
China producer prices hit July 2022 high
Producer prices in China rose by 3.9% year-on-year in May, the highest pace since July 2022, due to ongoing increases in energy costs, particularly as the war with Iran continues, leading to higher oil and gas prices. Additionally, rising demand for computing capabilities has driven up prices in certain industries such as non-ferrous metals and electronics equipment. Meanwhile, consumer inflation remained at 1.2%, with food prices declining, as the economy struggles to boost domestic demand amidst a slowdown in the automobile market and industries related to fuel.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)