China inflation: factory-gate price growth quickened in July, higher than expected

//China inflation: factory-gate price growth quickened in July, higher than expected

China inflation: factory-gate price growth quickened in July, higher than expected

Factory-gate price inflation in China remained high in July, data released on Monday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9 per cent in July from a year earlier, from a gain of 8.8 per cent in June the National Bureau of Statistics (NBS) said.This was above expectations, as a Bloomberg survey of analysts had predicted a rise of 8.6 per cent.“The price increase of industrial products expanded slightly in…

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By | 2021-08-09T01:35:58+00:00 August 9th, 2021|Headlines|Comments Off on China inflation: factory-gate price growth quickened in July, higher than expected