China producer prices jump 7.8% in February
China economy
Beijing - Arab Today
Prices for goods at the factory gate in China beat expectations slightly in February, officials said Thursday, rising for the sixth straight month as strong demand boosts the world's second-largest economy.
The producer price index rose 7.8 percent year-on-year in February, according to the National Bureau of Statistics, topping economist expectations of a 7.7 percent increase in a Bloomberg poll.
The consumer price index rose 0.8 percent in the month, missing the 1.7 percent increase estimated by economists.
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