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by Heather SCOTT WASHINGTON, United States (AFP) — US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, prompting the White House on Wednesday to call for oil producers to open the taps to boost supply. However, overall inflation came in at a slower pace than the prior month as some impacts of the pandemic shutdowns appeared to dissipate, according to government data released Wednesday. President Joe Biden hailed the […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China beat expectations in January, officials said Tuesday, rising for a fifth straight month in a positive sign of strengthening demand as the world’s second-largest economy stabilizes. The producer price index (PPI) rose 6.9 percent year-on-year in the month, according to the National Bureau of Statistics, outstripping an economist estimate of a 6.5 percent increase in a Bloomberg News survey. The consumer price […]
