In the January-May period this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 5.5 percent year on year, according to the data released by China's National Bureau of Statistics (NBS). In May alone, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 3.7 percent year on year, while increasing by 0.8 percent month on month.
China's overall producer price index (PPI) decreased by 1.4 percent year on year in May, while it edged up by 0.2 percent month on month. Meanwhile, in May, Chinese industrial producers' purchase prices declined by 1.7 percent year on year and increased by 0.3 percent compared to April.
In the January-May period this year, China's overall PPI declined by 2.4 percent year on year, while Chinese industrial producers' purchase prices decreased by 3.0 percent year on year.