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China's February factory gate prices rise at slowest pace in 8 months

February producer price index climbs 8.8% on year, CPI up 0.9%

China's producer price index increased 8.8% on the year, easing from 9.1% growth in January.   © Reuters

BEIJING (Reuters) -- China's factory inflation in February eased to the slowest annual pace in eight months due to seasonal effects from the Lunar New Year holiday, but analysts expect it to rise in the coming months because of surging global commodity prices.

The producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said in a statement on Wednesday, easing from 9.1% growth in January and slightly higher than a 8.7% rise in a Reuters poll.

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