China producer prices up 3.5 pct in Feb on year

Newswire

BEIJING, March 24 (Reuters) - Chinese producer prices, a leading indicator of inflation, rose 3.5 percent in the year through February, the State Statistical Bureau said on Wednesday. Prices of goods measured at the factory gate also were 3.5 percent higher in January and February than a year earlier, the bureau said in a statement. Higher costs for raw materials have been driving producer prices up in recent months. In the year through January, producer prices rose 3.5 percent. Steel ...

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