What is the producer price index growth rate in China for July?

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China's Producer Price Index Growth Slowed in July

China's producer price index (PPI) recorded a year-on-year growth rate of 3.5% in July. This figure represents a deceleration from the 4.1% increase observed in June. The July growth rate also fell short of the 3.8% forecast predicted by Bloomberg.
Slower Pace Compared to Previous Month

The 3.5% year-on-year increase in the producer price index for July indicates a noticeable slowdown in the pace of factory-gate price growth. This deceleration follows a higher rate of 4.1% that was registered in the preceding month of June.
Below Market Expectations

The official data released on Sunday revealed that the producer price index growth for July did not meet market expectations. Analysts surveyed by Bloomberg had anticipated a slightly higher figure of 3.8%, making the actual 3.5% a miss on this forecast.
Broader Economic Context of Deflationary Pressure

This slowdown in factory-gate prices occurs within a broader context of persistent deflationary pressure on China's economy. While export data for July showed a surge, particularly in AI-related tech products, domestic consumption has been a source of concern for several years, impacting national growth. The NBS data on both consumer and producer prices suggests a cooling in price pressures across different stages of the economy.

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What is the producer price index growth rate in China for July?

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