PBoC plays down surge in factory-gate prices

pboc building

Signs of inflationary pressure could be building in China as consumer and producer prices in July recorded annual gains that surpassed estimates by economists, the latest official data shows.

However, the People’s Bank of China argued the price rises remained “controllable”.

The producer price index (PPI), surged again by 9% in July on an annual basis, following the 8.8% growth in June, the National Bureau of Statistics announced on August 9. Economists polled by Reuters had predicted

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