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China’s factory-gate price inflation hit highest since 2008 driven by rising commodity prices, while consumer inflation eased further

Factory-gate price inflation in China hit the highest level in 13 years in August driven by surging prices of coal, chemicals and steel products, while consumer inflation eased further.

The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9.5 per cent in August from a year earlier, accelerating from a growth of 9 per cent in July, the National Bureau of Statistics (NBS) said.

 

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