News
gla_wpadmin  

China: producer prices continue to rise – but not as strongly as they were recently

Wednesday, 01/12/2022 7:01 AM from

dpa-AFX

| Views: 42

The Chinese flag. pixabay.com

BEIJING (dpa-AFX) – In China, after a 26-year high in October, the rise in producer prices slowed more than experts expected. In addition, the increase in consumer prices was less than expected. According to experts, this increases the scope for the central bank to lower the key interest rate for the first time since April 2020.

The price index for manufacturers rose by 10.3 percent in December compared to the previous year, as the statistics office reported in Beijing on Wednesday. Experts had expected a plus of a little more than eleven percent. In November, prices for producers are still waiting by 12.9 percent and in the previous month even increased by 13.5 percent. The increase in October was the highest in 26 years.

The Chinese government recently tried to curb the rise in producer prices with a number of measures such as intervening in the raw material markets. The data from November and December show at least the first signs of success of the government’s steps.

advertising

Subscribe to more news about the Leonardo share free of charge

Notice:
ARIVA.DE publishes analyzes, columns and news from various sources in this section. ARIVA.DE AG is not responsible for content that has been recognized by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Other users were also interested in this article:

Reference-www.ariva.de

Leave A Comment