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CHINA> National
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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.
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