China's producer price index down 3 pct in August
10:36 UTC+8, 2023-09-09
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China's producer price index, which measures costs for goods at the factory gate, went down 3% year on year in August, data released by the National Bureau of Statistics showed.
10:36 UTC+8, 2023-09-09
0
China's producer price index (PPI), which measures costs for goods at the factory gate, went down 3 percent year on year in August, data released by the National Bureau of Statistics showed Saturday.
The decrease narrowed from a 4.4-percent decline in July and a 5.4-percent drop registered in June. On a monthly basis, the August PPI edged up 0.2 percent, compared to a decrease of 0.2 percent registered in July, NBS data showed.
The average PPI in the first eight months of 2023 went down 3.2 percent year on year, the data showed.
Source: Xinhua
Editor: Shi Jingyun
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