The producer price index rose 4.2% year-on-year, the National Bureau of Statistics said on Wednesday, after a 6.1% uptick in June. Analysts in a Reuters poll had expected an increase in the PPI of 4.8%.
Factory-gate price inflation in China is expected to slow and turn negative briefly next year, Capital Economics said in a research note. The consumer price index increased 2.7% from a year earlier, the fastest pace since July 2020 and higher than the 2.5% gain in June, but missing forecasts for a 2.9% gain.
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