China inflation: factory-gate prices remain high but in line with expectations

Source: China – South China Morning PostFactory-gate price inflation in China remained high in June, data released on Friday showed, falling slightly from the near 13-year high a month earlier.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 8.8 per cent in June from a year earlier, down from a gain of 9 per cent in May, the National Bureau of Statistics (NBS) said.This was in line with expectations, as a Bloomberg survey of analysts had predicted a rise of 8.8…Read More

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