No shock here: PPI deflation swings to inflation in April, the second consecutive month of rising prices m/m thanks to the bounce in commodities. Price increases were concentrated in iron ore, smelting, oil and related sectors/commodities.
NBS: 2016年4月份工业生产者出厂价格同比下降3.4%
FTAV’s further reading
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Stupidity; Soho; Stiglitz; and spam
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