China producer prices fall most since 2023 as deflation lingers

China’s producer prices fell the most in nearly two years, as the country’s factory-gate deflation deepens and overshadows a modest improvement in consumer prices. Factory deflation persisted into a 33rd month, with the producer price index falling 3.6% from a year earlier, the National Bureau of Statistics said Wednesday. The decline was more than economists had expected and faster than May’s 3.3% drop.

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