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The producer price index (PPI) fell 4% year-on-year in July, following a 4.2% decrease in June.

Prices in the domestic market decreased by 2.7% annually in June and those in the foreign market fell 5.5%.

On a month-on-month basis, producer prices rose 0.7% in June, after a 1.2% increase in the previous month.

Prices rose for the second straight month in a row.