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MNI BRIEF: Input Prices Up Over June/July Period - NBS

MNI (Beijing)

China saw price increases in 39 out of 50 key production inputs over the mid-June to late July period, according to the National Bureau of Statistics on Friday.

The economy experienced price decreases in seven inputs with four remaining flat. Buyers saw prices rises in key inputs such as steel rebar (1.8%), copper (0.3%) and coking coal (6.9%), which were partially offset by falls in prices for Liquefied natural gas (-3.3%).

China’s Politburo announced last week authorities would intensify support for the economy in H2 following a run of weak CPI and economic data in Q2. (See MNI: Weak Price Data Adds To Rate Pressure On PBOC- Economists - Bonds & Currency News | Market News).

However, advisors told MNI recently any policy response would be moderate given the economy remaining on track for 5% growth this year. (See MNI: China Seen Holding Off From Big Fiscal Stimulus - Bonds & Currency News | Market News)
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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