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China's PPI falls 7.8% in June

(Xinhua)
Updated: 2009-07-16 10:31

BEIJING: China's producer price index (PPI), a major measurement of inflation at the wholesale level, fell 7.8 percent year on year in June, the National Bureau of Statistics announced Thursday.

The decline compared with a 7.2-percent drop in May from the same period last year. The country's PPI dropped 5.9 percent during the January-June period from a year earlier.

Purchasing prices of raw material, fuel and energy fell 8.7 percent year on year in the first half of this year.

Related readings:  CPI and PPI fall, but deflation threat eases  China's PPI down 7.2% in May  CPI falls 1.5%, PPI drops 6.6% in April  China's PPI down 4.5% in February  CBRC chief: PPI drop increases deflation risk