China 5monthly producer prices 3.9% to 4a year high, consumer prices 1.2%

2026year 5China’s producer price index (PPI) rose 3.9% year on year. This is close to a 4year high. Price increases on the manufacturing and wholesale sides are pronounced.

Over the same period, the consumer price index (CPI) stood at 1.2% year on year. The rise in consumer prices was limited. The price trend felt by households remained relatively weak.

The report said that conflicts in the Middle East had disrupted energy and raw-material supplies. This created pressure for raw-material and transportation costs to rise. Meanwhile, increased investment and demand related to AI boosted demand for some technology-related raw materials and components.

The increase in wholesale prices (PPI) was greater than that in consumer prices (CPI). This suggests that manufacturers faced greater cost pressures. Price pressure emerged first at the wholesale stage.

This tally covers 2026year 5month-long period. The data were released in 6month 10day. It confirms that wholesale prices have continued to rise in recent months.

The report said that fluctuations in raw material and energy prices could affect the future course of inflation. Although consumer prices are currently under limited pressure, wholesale pressures need to be monitored. Additional monthly price indicators released in the future will make it possible to identify the trend.