China’s Industrial Inflation Falls to 13-Month Low in December
The growth in China’s producer prices slowed to its weakest rate in 13 months in December, official data showed Wednesday, with some analysts expecting industrial inflation to decline further this year on moderating economic expansion.
The producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers and mining companies, rose 4.9% year-on-year last month, its lowest reading since November 2016, according to the National Bureau of Statistics (NBS). The reading was marginally above the median projection of an increase of 4.8% from a survey of economists by Bloomberg News.
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