China's Producer Prices Rise 8.8% in February... Slowing Upward Trend

[Asia Economy Reporter Kim Hyunjung] China's monthly producer price index (PPI) inflation rate maintained a single-digit increase for the second consecutive month, showing signs of stabilization.

According to the National Bureau of Statistics of China on the 9th, the PPI for February rose 8.8% compared to the same month last year, marking the lowest increase since July last year (9.0%). This is a 0.3 percentage point decrease from the previous month (9.1%).

Bloomberg reported, "The Chinese government's control over raw material prices has curbed the rise in factory gate prices, easing inflationary pressures," and added, "However, the sharp rise in international energy prices is putting cost pressure on manufacturers, which could slow down China's economic growth."

The consumer price index (CPI) inflation rate was 0.9%, remaining below 1% for the second consecutive month. China's monthly CPI inflation rate rose to 2.3% in November last year, then fell to 1.5% in December, and recorded 0.9% last month. The 4.6% month-on-month decline in pork prices in February influenced this figure.

This content was produced with the assistance of AI translation services.