China's Factory-Gate Inflation Eases for First Time Since Iran War

China's factory-gate inflation cooled off in July as the country's producer price index rose 3.5% from a year earlier, slower than expected and compared to a gain of 4.1% in the previous month.

This marks the first slowdown since China's PPI turned positive in March on the back of higher oil prices after more than three years of declines.

The National Bureau of Statistics published the data on Sunday, which shows that the easing inflation is a sign that cost pressures from the oil shock are starting to fade.