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China producer-price inflation slows on commodities

Posted on 10 November 2008

From Bloomberg: Producer-price inflation in China cooled to the slowest pace in eight months on falling energy and commodity costs, making the central bank more likely to keep cutting interest rates.

Factory-gate prices rose 6.6 percent in October from a year earlier, the statistics bureau said today, after gaining 9.1 percent in September. That was less than the 8 percent median estimate of 15 economists surveyed by Bloomberg News….. Full Article: Source


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