China's July PPI rises 7.5%
Updated: 2011-08-09 10:02
(Xinhua)
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BEIJING-- China's Producer Price Index (PPI), a major measure of inflation at wholesale level, rose 7.5 percent in July year-on-year, the National Bureau of Statistics said Tuesday.
July's PPI growth was even greater than June's 7.1 percent increase, the NBS said in a statement on its website.
Producer purchase prices rose by 11 percent year-on-year in July, but rose by just 0.1 percent on month-on-month basis, according to the NBS.
Prices of production materials in July rose 8.4 percent year-on-year, but remained flat on a month-on-month basis.
