In July of the current year, China's producer price index (PPI) decreased by 2.3 percent year on year and was down 0.3 percent month on month, according to data released by China's National Bureau of Statistics (NBS) on August 9.
In the January-July period, China's PPI was down 2.2 percent on year-on-year basis.
In July, Chinese industrial producers' purchase prices indicated a decline of 2.2 percent compared with July last year and a decrease of 0.4 percent on month-on-month basis. In the first seven months, domestic industrial producers' purchase prices in China were down 2.3 percent year on year.
Also in July, China's consumer price index (CPI) witnessed a year-on-year increase of 2.7 percent and a month-on-month growth of 0.1 percent.