China 5monthly CPI 1.2% · PPI 3.9%… Japan’s PPI also surges
China’s 5monthly consumer prices rose 1.2% year on year, while producer prices increased 3.9%. Japan’s 5monthly corporate goods price index rose 6.3% year on year, exceeding market expectations.
China’s 5monthly consumer price index (CPI) rose 1.2% year on year. Over the same period, the producer price index (PPI) increased 3.9%, indicating that factory-gate prices rose. The figures were released by the National Bureau of Statistics.
The CPI was slightly below the market expectation of 1.3%. On a month-on-month basis, 5monthly CPI fell 0.1%. The statistics presented both year-on-year and month-on-month comparisons.
Food prices fell 1.7%. Meanwhile, non-food prices rose 1.9%. The statistics disclosed trends by item.
Consumer goods prices rose 1.6%, while services prices increased 0.8%. These figures show changes in the individual components of consumer prices. Increases and decreases by item can be confirmed in the statistical table.
The rise in producer prices was reportedly driven in part by higher raw-material prices resulting from the war in the Middle East and increased investment related to artificial intelligence. As a result, wholesale prices reached their highest level in 4 years. Detailed explanations related to the PPI were included in the National Statistical Office's announcement.
Japan's 5 monthly corporate goods price index rose 6.3% year on year. This figure exceeded the market expectation of 5.5%. The Bank of Japan released the related indicator.
Month on month, Japan's 5 corporate goods prices rose 0.9%. The previous figure was an adjusted increase of 2.8%. Japan's corporate goods price trend was also presented in statistical data.