China's PPI up 4.2 pct in July

2022-08-10 10:09:06Xinhua Editor : Li Yan ECNS App Download

China's producer price index (PPI), which measures costs for goods at the factory gate, went up 4.2 percent year on year in July, the National Bureau of Statistics (NBS) said Wednesday.

The figure moderated from the 6.1 percent year-on-year increase registered in June. On a monthly basis, China's PPI fell 1.3 percent in July.

Due to various domestic and international factors, the prices of industrial products fell on the whole last month, said senior NBS statistician Dong Lijuan.

Wednesday's data also showed that China's consumer price index, a main gauge of inflation, rose 2.7 percent year on year in July.


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