AI Data Insight
According to the latest DataTrack data, the YoY growth rate of China's PPI means of production in May 2026 climbed to 5.5%, continuing to rise from the previous value of 5.2% and showing a strong recovery with four consecutive months of positive growth. Benefiting from the surge in non-ferrous metals driven by AI computing power demand and international crude oil fluctuations, upstream mining and raw material prices became the main driving force. Although external searches show slight discrepancies with officially published figures, the overall trend confirms that industrial deflation has ended. Future attention should be paid to how fiscal stimulus can clear the path for price transmission to the consumer end.