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.
That marks the fastest pace since hitting 10.1 per cent in August 2008 and was also above expectations, as . . .
SIGN IN OR SUBSCRIBE TO GET FULL ACCESS.
Stop Googling for China market information. Yuan Talks put all market-moving news in one place. You will never again be left in the dark when market moves. Start your FIVE-DAY FREE TRIAL today!
Cancel anytime before the free trial ends and you won't be charged.