Govt : China producer prices jump 7.6% in March
China producer prices jump 7.6% in March
Beijing - Arab Today
Prices for goods at the factory gate in China jumped in March, the government said Wednesday, in a positive sign of strengthening demand for the world's second-largest economy.
The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics, slightly beating economist expectations of a 7.5 percent increase in a Bloomberg New survey.
The consumer price index (CPI) rose 0.9 percent in the month, the data showed, beating a Bloomberg analysis that forecast a 0.8 percent increase.
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