Yesterday I suggested that July's PPI inflation might be a little higher than June's already-high 8.8%. ?Most other analysts seemed to agree with me, with the median estimate according to Bloomberg at 9.0%. ? The actual number, which was released today by the National Bureau of Statistics, was a bit of a shocker.? PPI inflation in July rose to 10.0%.? Raw material, fuel and power were the biggest reasons for the
jump in prices which, according to an article in the South China Morning Post,...
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