Producer prices in China rise at fastest pace since June 2022, beating expectations
Producer prices rose at the fastest pace in over four years as higher fuel and commodity costs lifted business input prices, official data showed.
- On Wednesday, official data showed China's producer prices rose 5% in September, the fastest pace in over four years, exceeding the 4.5% forecast by Reuters.
- Higher fuel and commodity prices pushed producer costs upward, adding to upstream price pressures for businesses, according to the National Bureau of Statistics.
- Consumer prices edged up 0.9% year-on-year, missing the 1% expectation but rising from the 0.8% recorded in August.
- These inflation figures arrive as China's economy grapples with its lowest growth rate in more than three years, with GDP growth missing expectations at 4.3% in the second quarter.
- Lynn Song, chief economist for Greater China at ING, wrote that the data "marks a bit of a shift in tone," adding that more policy support rollouts will reach GDP growth targets.
33 Articles
33 Articles
China factory-gate inflation heats up as commodity costs rise, CPI lags forecasts
BEIJING — China's producer prices rose at their fastest pace in more than four years in September while consumer inflation edged up, as pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained.The data suggests prices are revving up for manufacturers, but weak consumer demand continues to restrain inflation, reinforcing concerns that China...
Channel News Asia
China factory-gate inflation heats up as commodity costs rise, CPI lags
BEIJING: China's producer prices rose at their fastest pace in more than four years in September while consumer inflation edged up, as pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained.The data suggests prices are revving up for manufactu
China's factory-gate inflation rises 0.5 percent
China's producer prices rose at their fastest pace in more than four years in September while consumer inflation edged up, as higher oil and commodities lifted factory-gate costs. The producer price index (PPI) rose 5 percent from a year earlier, new data from the National Bureau of Statistics showed, up from 3.8 percent in August. That marks the fastest pace of factory-gate inflation since June 2022. Higher oil and commodity prices, driven by t…
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