China May production price index falls 0.2%
The State Statistics Bureau announced that its production price in May dropped 0.2% compared with the same period of last year. On the other hand, even the cost of the petroleum products rose 7.4% vs the same period of last year, the producing price in China still decreased. However, the production price index in the first five months increased 0.5% vs the same period of last year.
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