Steelorbis Shanghai
The producer price index (PPI) for China's industrial products rose 10.0 percent year on year in July, according to the country's National Bureau of Statistics (NBS).
The double-digit growth of China's PPI, which measures the value of finished products when they leave the factory, was the highest since 1996.
The PPI jumped 8.0 percent year on year in the first seven months of 2008, compared with a rise of 7.6 percent in the first half of the year, said the NBS. Purchaser prices for raw materials, fuel and power rose 15.4 percent in July, compared with 13.5 percent in June.