Posted AT 8:59 AM EDT on 09/05/08
China producer price index up 8.1 per cent
SHANGHAI, China — China's producer price index, a key indicator of inflation, rose 8.1 per cent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices.
Greater-than-expected cost increases for raw materials and industrial inputs suggests that recent state media reports of a rapid moderation in the consumer price index may have been premature.
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