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Producer price index rises 6.6%

By Xin Zhiming | China Daily | Updated: 2008-03-11 06:56

China's producer price index (PPI) increased 6.6 percent year-on-year in February, the fastest in more than three years, the National Bureau of Statistics (NBS) said yesterday.

The indicator, which reflects the trend of inflation, is half a percentage point higher than in January, indicating greater inflationary pressure, analysts said.

"This signals strong inflation," said Stephen Green, Standard Chartered Bank's head of research, in China.

Producer price index rises 6.6%

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