China's producer prices up 0.6% in May

China's producer price index, which measures costs for goods at the factory gate, rose 0.6 percent year on year in May, the National Bureau of Statistics said Wednesday.

The pace was slower than the 0.9-percent increase recorded in April, NBS data showed.

On a monthly basis, producer prices went up 0.2 percent in May, narrowing from the 0.3-percent increase in April.

In the first five months, the index climbed 0.4 percent from the same period a year earlier.

Factory prices of production materials grew 0.6 percent year on year in May, down from the 0.9-percent increase a month earlier.

Consumer goods prices rose 0.9 percent year on year in May, flat with that in April.