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China's July factory gate inflation holds steady, consumer prices ease

Reuters  |  BEIJING 

By Sue-Lin Wong and Min ZhangBEIJING (Reuters) - China's annual producer price inflation held steady in July, with prices for key raw materials up slightly on expectations of deeper capacity cuts going into the winter months of heavy pollution, while consumer inflation slowed slightly. The producer price index (PPI) rose 5.5 percent last month from a year earlier, unchanged from June, the National Bureau of Statistics (NBS) said on Wednesday. China's economy has posted solid growth this year as commodity prices recovered, helping boost the industrial sector, while mild consumer price gains ...

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First Published: Wed, August 09 2017. 08:29 IST