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NewsChina producer prices slide to 6-year low in July
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China producer prices slide to 6-year low in July
by Cals Mon 10 Aug 2015, 01:04
China producer prices slide to 6-year low in July
Sunday, 9 August 2015BEIJING: Producer prices in China fell to a six-year low in July, while consumer inflation remained subdued, signalling the economy still faces deflationary pressures and Beijing has room to unveil more economic support measures.
The producer price index (PPI) fell 5.4 percent from a year earlier, the National Statistics Bureau said on Sunday, worse than expectations of a 5.0 percent decline.
Reflecting persistent sluggishness in the broader economy, annual consumer inflation stayed muted at 1.6 percent despite surging pork prices, slightly higher than a 1.5 percent estimate, and up from June's 1.4 percent. – Reuters
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