China's July factory gate inflation stands still, consumer prices dip

China's July factory gate inflation stands still, consumer prices dip

In July, China's annual producer price inflation was intact, with prices for major raw materials soaring moderately on expectations of deeper capacity dips going into the winter months of tough pollution. Meanwhile, consumer inflation decreased moderately.

From the previous year the producer price index inched up 5.5% the previous month, staying intact from June, as the National Bureau of Statistics told on Wednesday.

China's economy has demonstrated solid surge in 2017 as commodity prices revived, assisting to boost the industrial sector. At the same time mild consumer price gains have provided policymakers with enough room to maneuver if surge falters.

Experts surveyed by Reuters had hoped that producer prices would stand still for a third straight month, sticking to 5.5%.

The PPI edged up 0.2% in July on a month-on-month basis, following three months in the red, with the NBS associating this with an ascend in prices of commodities, such as steel as well as non-ferrous metals.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera