Factory price inflation in China fell for the sixth straight month in June as the country’s efforts to promote production resumption and stabilize supply and prices gradually bore fruit.
China’s producer price index (PPI), which measures the cost of goods leaving the factory, rose 6.1% year on year in June, or 0.3 percentage point from less than a month ago, the State Bureau of Statistics (NBS) said on Saturday.
NBS senior statistician Dong Lijuan attributed the decline to continued efforts to accelerate production resumption and unblock industrial and supply chains, as well as effective policies to ensure price and trade stability. supplies.
On a monthly basis, China’s PPI remained stable last month, compared to the 0.1% rise recorded in May.
Of 40 industry sectors surveyed, 37 saw their prices rise in June, similar to May, according to BES data.
The oil and natural gas mining sector saw its PPI jump 54.4% year-on-year last month, up 6.6 percentage points from May.
The coal mining and washing industry posted a 31.4% year-on-year PPI gain, down 5.8 percentage points from May.
