China's July PPI rises 7.5% year-on-year   2011-08-09 09:43:35 FeedbackPrintRSS

 Graphics shows the growth of China's Producer Price Index (PPI) from May, 2010 to July, 2011. (Xinhua/Lu Zhe)

BEIJING, Aug. 9 (Xinhua) -- China's Producer Price Index (PPI), a major measure of inflation at the wholesale level, rose 7.5 percent year-on-year in July, the National Bureau of Statistics (NBS) 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.


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