Shoppers buy fruit at a supermarket in Hangzhou, Zhejiang province.- China Daily]
BEIJING (China Daily/ANN): China s factory-gate inflation is likely to turn positive soon as the economic recovery gains more traction, after the country s producer price index dropped by the slowest rate in 11 months in December, experts said on Monday.
The fall in the PPI, which measures factory-gate prices, narrowed to an 11-month low of 0.4 percent on a yearly basis in December, compared with a 1.5 per cent decline a month earlier, the National Bureau of Statistics said on Monday.
On a monthly basis, the PPI rose by 1.1 per cent last month, notching the fastest growth level in four years and rose by 0.6 percentage point from November, the NBS said.
Inflation poised for recovery 2021-01-12 08:25:05China Daily
Editor : Li Yan
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Shoppers buy fruit at a supermarket in Hangzhou, Zhejiang province. (Photo by Long Wei/For China Daily)
China s producer price index falls at slowest pace of 0.4 percent in 11 months in Dec
China s factory-gate inflation is likely to turn positive soon as the economic recovery gains more traction, after the country s producer price index dropped by the slowest rate in 11 months in December, experts said on Monday.
The fall in the PPI, which measures factory-gate prices, narrowed to an 11-month low of 0.4 percent on a yearly basis in December, compared with a 1.5 percent decline a month earlier, the National Bureau of Statistics said on Monday.