23:55 - 10.06.2026

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June 10, Fineko/abc.az. China’s National Bureau of Statistics (NBS) released its May inflation models. Driven by rising input costs from the Iranian war and an AI-driven hardware rush, wholesale prices expanded at their fastest clip in nearly four years.

According to ABC.AZ, the Producer Price Index (PPI) surged by 3.9% year-on-year in May, beating Wall Street consensus estimates of 3.8% and tracking well above April’s 2.8% reading. This marks the highest factory-gate baseline since July 2022.

Key Statistical Parameters:

• Surging Wholesale Pressures: Fueled by transit bottlenecks in the Strait of Hormuz, factory purchasing costs for fuel and power jumped 10%, while non-ferrous metals and cabling inputs leaped 22%. Concurrently, booming AI computation demands drove up prices for semiconductors and tech equipment.

• Soft Consumer Price Index (CPI): Despite soaring wholesale costs, downstream consumer demand remains muted. The CPI grew by 1.2% year-on-year, missing the 1.3% forecast, while ticking down 0.1% on a month-on-month basis.

• Retail and Core Metrics: Retail gasoline prices for consumers shot up by 23.5%, while aggregate food prices fell 1.7% over the year. Core inflation, which strips out volatile food and energy elements, settled at 1.1% in May.