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China Factory Inflation Accelerates as Commodity Prices Edge Up

Production of Trumpchi SUVs at a Guangzhou Automobile Group Co. Plant
Photographer: Qilai Shen/Bloomberg
Updated on

China’s factory inflation accelerated in June as the price of commodities held up.

The producer price index rose 4.7 percent from a year earlier, compared with a projected 4.5 percent increase in a Bloomberg survey of economists and a 4.1 percent gain in May. The consumer price index climbed 1.9 percent in June, the statistics bureau said Tuesday, matching the forecast.