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China's PPI up 12.9% in November as price curbing measures take effect

December 10, 2021

China's official producer price index (PPI), which reflects the cost of goods at the factory gate, rose by 12.9 percent in November from a year earlier, compared with a 26-year high of 13.5 percent in October, data from the National Bureau of Statistics (NBS) showed Thursday.

The figure beat forecasts by UBS, Reuters and Bloomberg economists – of 10.8 percent, 12.4 percent and 12.1 percent, respectively.

The cooling down in PPI follows the implementation of policies ensuring supply, and curbing price hikes of coal, metals and other raw materials, said Dong Lijuan, a senior statistician with the NBS.

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(Sources: China Report)

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