China’s factory-gate inflation last month rose at the highest rate in more than a decade, official data showed yesterday, 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 COVID-19 lockdowns imposed last year.
The producer price index (PPI), which measures the cost of goods at the factory gate, exceeded expectations, spiking 9 percent year-on-year last month, the Chinese National Bureau of Statistics (NBS) said.
It was its highest jump since September 2008.
In particular, prices in the oil
Japanese companies opening vaccination sites amid slow national rollout japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
Major Japanese companies are set to open COVID-19 vaccination centres this month, as the country races to speed up inoculations before the start of the Tokyo Olympics in July.