China's factory inflation slows as production eases but food prices surge

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China's factory inflation slows as production eases but food prices surgeChina's factory gate inflation slowed amid sluggish commodity demand and faltering manufacturing activity, slowing from a four-month high in the previous month and fuelling worries growth in the world's second-largest economy is slipping. Consumer prices, however, soared at their fastest pace in over a year, driven by elevated prices of pork and fruit due to supply issues stemming from the outbreak of African swine fever and poor weather conditions. China's producer price index (PPI) in May rose 0.6% year-on-year, the National Bureau of Statistics (NBS) said in a statement on Wednesday, in line with analyst expectations and compared with a 0.9% uptick in April.


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