China’s Factory Prices Surge Amid Higher Commodity Costs, Supply Shortages
Inflationary pressure in China continued to build in April as factory-gate prices jumped at the fastest pace in three and a half years and consumer prices rose the most since September, official data showed Tuesday,
The producer price index (PPI), which gauges changes in prices of goods circulated among manufacturers and mining companies, rose 6.8% year-on-year, accelerating from a 4.4% pace in March, data from the National Bureau of Statistics (NBS)
showed (link in Chinese). That was the biggest jump since October 2017 and exceeded the median estimate of a 6.5% rise in a