China’s PPI rises 10% in July

– The producer price index (PPI) for China’s industrial products rose 10.0 percent year on year in July, the National Bureau of Statistics said on Monday.

The double-digit growth of PPI, which measures the value of finished products when they leave the factory, was the highest since 1996.

The PPI jumped 8.0 percent year on year in the first seven months, compared with 7.6 percent in the first half this year, said the NBS.

The purchaser prices for raw materials, fuel and power rose 15.4 percent in July, compared with 13.5 percent in June.

Source: XINHUA

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