China's Producer Inflation Accelerates to 4.1% in June

China's annual producer inflation accelerated to 4.1% in June from 3.9% in May, according to data from the National Bureau of Statistics (NBS) released on Thursday. The reading matched the consensus forecast of 4.1% tracked by Investing.com. The acceleration was driven primarily by a 6.4% year-over-year rise in industrial producer purchase prices. Meanwhile, on a month-over-month basis, China's PPI fell 0.3%, reversing the 0.5% increase in May and the first monthly contraction in three months.