China’s April PPI falls 2.5% YoY as deflationary pressures persist
On May 13, data from the National Bureau of Statistics showed that in April 2024, China’s Producer Price Index (PPI) for industrial products fell by 2.5% YoY, while the purchase price index for industrial producers dropped by 3%. The declines narrowed by 0.3 and 0.5 percentage points from the previous month, respectively. On a month-on-month basis, the PPI and the purchase price index decreased by 0.2% and 0.3%, respectively. For the period from January to April, the average PPI decreased by 2.7% compared to the same period last year, and the purchase price index fell by 3.3%.