China's producer price index (PPI), which measures costs of goods at the factory gate, fell 2.5 percent year on year in January 2024, the National Bureau of Statistics said. The decrease narrowed from a 2.7-percent decline in December. On a monthly basis, the January PPI edged down 0.2 percent, the data showed.

Prices of means of production fell 0.2 percent month on month, contributing 0.17 percentage points to the overall decline in monthly PPI for January, NBS data showed. (Xinhua)