An employee works in a steel factory in Qingdao, Shandong province, on April 21, 2020. [Photo/Sipa]

BEIJING — China’s producer price index (PPI), which measures costs for goods at the factory gate, fell 2.4 percent year-on-year in July, the National Bureau of Statistics said Monday.

The reading narrowed from the 3-percent drop in June.

Via China Daily

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