According to Jinshi, China's National Bureau of Statistics said that in the PPI year-on-year change of -2.5% in January, the lag effect was about -2.3 percentage points, and the new impact of price changes this year was about -0.2 percentage points.
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China's National Bureau of Statistics: The tail effect of PPI year-on-year change in January was about -2.3 percentage points
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