China's PPI saw 1.7% increase last month

Source: China.org.cn
Growth of the Chinese producer prices decelerated in December to the slowest increase pace in the last two years. China's PPI, gauge of inflation in the wholesale sector, increased by 1.7% on a yearly basis, reported the NBS. The total PPI for 2011 edged up 6%. Experts predict short-term stimulus for prices ahead of the Chinese holidays while the long-term downward movement is likely to persist amid global recession.


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