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China’s wholesale inflation accelerated to 9% in July

MADRID, 9 Ago. (EUROPA PRESS) –

China’s producer price index registered a year-on-year rise of 9% last July, two tenths above the rebound recorded in June, according to data from the Asian giant’s National Statistical Office (ONE).

Thus, between January and July, China’s wholesale inflation experienced an average rise of 5.7%.

In the seventh month of the year, industrial prices rose 38.7% year-on-year in mining, while in the raw materials industry they increased 17.9% and in the processing industry, 7.5%.

For its part, the Chinese consumer price index registered a year-on-year rise of 1% in July, one tenth below the rise corresponding to June.

In July, the price of food fell by 3.7%, after a 25.5% drop in the price of meat, including a 43.5% drop in the cost of pork, while vegetables fresh were cheaper by 4%.

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