Producer prices rose 5.7% in October from a year earlier, while consumer inflation slowed to 0.7% from 0.9% in September
The producer price index climbed by 5.7% last month from a year earlier, compared with a 5.0% increase in September, beating economists' forecasts for a 5.3% gain in a poll
China’s producer inflation accelerated to the fastest since June 2022 as more expensive energy raised factories’ costs but failed to prevent a slowdown in consumer-price growth.
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.
China factory-gate inflation accelerates in October as consumer prices remain muted amid weak domestic demand.
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