Producer Price Index in China Gains 3.5% YoY in July

The same statistical bulletin highlighted that China’s producer price index (PPI) recorded a 3.5 percent year‑on‑year increase in July, even though it fell 0.7 percent from the previous month. Seasonal influences and a slowdown in imported raw‑material costs trimmed the monthly growth rate to 0.6 percent lower than June. The data points to lingering upstream price pressures despite a brief monthly slowdown.