The producer price index (PPI) grew 10.39% year-on-year in May, following a 7.89% rise in April.

Prices in the domestic market increased 10.41% yearly in May and non-domestic market gained 10.36%. Among the main industrial groups, prices for energy surged by 25.77% annually in May.

Prices for durable consumer goods gained 6.14% and those for non-durable consumer goods grew 4.88%. Prices for intermediate goods and capital goods increased by 10.27% and 3.45%, respectively.

On a month-on-month basis, producer prices rose 2.03% in May.