 "China, China Food Security, China Economy")
China's producer prices in February rose at the slowest annual pace since June, official data showed on Wednesday, amid skyrocketing commodity prices, an uncertain global economy and resurgent domestic COVID-19 outbreaks.
The producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said in a statement on Wednesday, easing from 9.1% growth in January.
Analysts in a Reuters poll had expected the PPI to rise 8.7%, moderating slightly from a month earlier.
China's consumer price index (CPI) inched up 0.9% in February, the data showed, unchanged from the growth in January and market expectations.
China's efforts
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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