China's factory prices soar in May but consumers avoid cost surge


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BEIJING (AFP): China's factory gate inflation rose at the highest rate in over a decade last month, official data showed Wednesday (June 9), as the world's second-largest economy worked to contain a surge in commodity prices.

Factories so far seem to be absorbing costs rather than passing them on to consumers as domestic demand recovers from the strict coronavirus lockdowns imposed last year.

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China , factory output , CPI , industrial profits , May

   

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