China inflation: factory-gate prices rise at fastest pace on record

//China inflation: factory-gate prices rise at fastest pace on record

China inflation: factory-gate prices rise at fastest pace on record

Factory-gate price inflation in China rose to the highest level on record in September, data released on Thursday showed.The producer price index (PPI), which reflects the prices factories charge wholesalers for their products, rose by 10.7 per cent in September from a year earlier, from a gain of 9.5 per cent in August, the National Bureau of Statistics (NBS) said.This was above expectations of analysts in a Bloomberg survey, who had predicted a rise to 10.5 per cent.It is the highest reading…

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By | 2021-10-14T01:33:46+00:00 October 14th, 2021|Headlines|Comments Off on China inflation: factory-gate prices rise at fastest pace on record