Producer Price Index Posts Strongest Gain in Over Five Years
(Beijing) — A key gauge of wholesale prices in China rose at the fastest pace in more than five years in December, official data showed Tuesday, a development fueled by a surge in supply costs that analysts believe will be short-lived.
The producer price index (PPI) soared at a surprising 5.5% last month from a year ago, the National Bureau of Statistics (NBS) said in a statement.
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