China producer price index up by 10.3% y/y in December 2021
Prices for producer goods increased by 13.4% y/y
China's factory-gate inflation continued to moderate in December 2021. The producer price index (PPI), which reflects thte prices factories charge wholesalers for their products, went up by 10.3% y/y, decelerating from the 12.9% y/y in November 2021 and the 13.5% y/y in October 2021.
Prices for producer goods increased by 13.4% y/y, much slower than the 17% y/y jump in November 2021 thanks to falling global commodity prices and policy interventions. Prices for consumer goods maintained the same growth rate, up by 1% y/y.