09 June 2021
7 min read
China's Factory Inflation SOARS & BoC Meeting Awaits
- Markets mainly drifting, lacking catalysts
- China PPI hits 9% YoY, CPI 1.3%
- Oil +0.5%
When China's PPI hits 9%, and no-one cares, what does that say about inflation fears?
βChinaβs industrial product prices continued to rise in May, as commodity prices, including international crude oil, iron ore and non-ferrous metals rose sharply, and domestic demand recovered steadily,β Dong Lijuan, an economist with the statistics bureau, said in a statement.
Of the 9% year-on-year growth, base effects contributed 3 percentage points and new price hikes contributed 6 percentage points, she said.

Domestically, the pass through from PPI to
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