09 August 2012 04:25 [Source: ICIS news]
SINGAPORE (ICIS)--China’s inflation has dipped for the fourth straight month, with its consumer price index (CPI) dropping to a 30-month low of 1.8% in July, down from 2.2% in June, official data showed on Thursday.
The country’ monthly producer price index (PPI) – a gauge of wholesale prices – fell by 2.9% year on year in July, according to the data from the National Bureau of Statistics (NBS).
The average CPI and PPI from January to July was 3.1% and -1.0% respectively, the data showed.
Producer prices for raw chemicals dropped by 6.0% in July, based on the data.
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