According to the China’s National Bureau of Statistics, the producer price index in China rose 7.5%YoY in July. The PPI had risen 7.1%YoY in June.

The purchase prices paid by industrial producers increased 11%YoY and 0.1%MoM in July. The ex factory prices of means of production were unchanged from June of which the mining industry posted a 0.3% fall in prices. The ex factory price of food rose 8.6% what that of apparel increased 4.5%.

The purchase prices paid by producers of non-ferrous metals rose 1.3%MoM and 18.9%YoY while that of fuel fell 0.5%MoM. Compared with the same period last year and fuel prices rose 12.6%YoY.

The purchase prices paid by producers of chemical raw materials were down 0.1% from June. Compared with the same period a year ago, prices rose 13.3%.

(Sourced from www.chinadaily.com.cn)