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China’s Factory Inflation Cools to Near Three-Year Low

By Liu Jiefei / Jul 10, 2019 09:57 AM / Economy

Photo: IC Photo

Photo: IC Photo

China’s producer price index (PPI) posted zero year-on-year growth in June, down from a 0.6% increase in the previous month, official data showed Wednesday. The reading marks the lowest point since August 2016.

The PPI tracks the prices of goods circulated among manufacturers and mining companies.

The consumer price index (CPI) rose 2.7% year-on-year in June, the same as the month before, which had marked the highest level since February 2018, according to data from the National Bureau of Statistics.

The CPI measures the prices of a select basket of consumer goods and services.

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