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China's producer price inflation slows to 13-month low

Reuters  |  BEIJING 

By Stella Qiu and Elias GlennBEIJING (Reuters) - China's December producer prices grew at their slowest pace in 13 months as the government's stepped-up war against winter smog dented factory demand for raw materials. The producer price index (PPI) rose 4.9 percent in December from a year earlier, compared with 5.8 percent in November, the National Bureau of Statistics (NBS) said on Wednesday.Analysts polled by Reuters had expected the December producer price inflation rate would sharply slow to 4.8 percent. On a month-on-month basis, the PPI rose 0.8 percent in December.The data support ...

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First Published: Wed, January 10 2018. 09:07 IST