Wednesday 13 November 2019 ,
Wednesday 13 November 2019 ,
Latest News
  • Onion price under control, claims Industries Minister
  • HC forms committee to probe ‘negligence’ in controlling dengue
  • Govt to construct embankment along coast: Minister
  • Bulbul affected crops in 103 upazilas of 16 districts: Minister
  • Brahmanbaria train crash: 16 dead, over 100 injured
  • Brahmanbaria Train Crash: Turna Nishita's loco master, 2 others suspended
  • Make railway staff better prepared: PM
  • Nusrat Murder: 12 condemned convicts shifted to Cumilla jail
  • Extend all-out support to B'baria train crash victims: PM
11 July, 2018 00:00 00 AM
Print

China’s factory-gate prices rise in June

AFP

China’s factory price inflation rose in June, the government said yesterday, as a trade war threatens producers in both of the world’s top two economies, reports AFP from Beijing.

The producer price

index (PPI) rose 4.7 per cent year-on-year, according to the National Bureau of Statistics (NBS), a notch above the 4.5-per cent gain forecast in a Bloomberg News survey.

The consumer price index (CPI), a main gauge of retail inflation, rose 1.9 per cent last month on-year, up from 1.8 per cent in May and in line with Bloomberg’s

forecast.

There are fears that the trade war with the US could stoke inflation, with tariffs making imported goods more expensive in China.

American soybeans are used for cooking oil and animal feed in China, and soybean traders say that in the fourth quarter, when soybean production tails off in Brazil—the only other major exporter—China may have no choice but to import more costly US soybeans.

Beijing late Monday encouraged companies to diversify away from the US.

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting