China’s National Bureau of Statistics said on 15 Sept’21 that the Producer Price Index (PPI), ex-factory price, in Aug’21 rose 9.5% y-o-y, a 0.5 percentage points expansion over last month, setting a relatively high level this year. The increase in the PPI was mainly driven by the increase in the prices of capital goods, which, in August, increased 12.7% y-o-y, an expansion of 0.7 percentage points over the previous month. Specifically, three major industries contributed to the increase: coal, chemicals and steel.
Source: National Bureau of Statistics, China
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