China wholesale inflation hits over four-year high as consumer measure slows
Producer prices rose for a third straight month, while consumer inflation slowed and missed economists’ expectations, the National Bureau of Statistics said.
- On Monday, the National Bureau of Statistics released data showing China's PPI rose 5.7% in October, marking the fastest acceleration in nearly four years.
- Ongoing US-Iran conflict is fueling uncertainties in the global energy market, driving elevated oil prices that raise costs for energy-intensive sectors and push PPI inflation higher.
- Consumer inflation cooled to 0.7% in October, missing economists' forecasts of 0.8% and marking the first deceleration after two straight months of increases.
- Persistent weak domestic demand constrains consumer spending, creating a pronounced imbalance between robust supply and weak demand that amplifies the impact of external economic shocks.
- Core inflation eased to 0.8% in October from 1.0% in September, yet uncertain global trade conditions continue to cloud the broader outlook for China's exports.
25 Articles
25 Articles
China's producer prices rose at the sharpest rate in over four years. Amid growing upward pressure on production costs for manufacturers due to soaring prices of raw materials such as oil and chemicals, consumer prices have failed to rise significantly, indicating a continued slump in domestic demand. According to the National Bureau of Statistics of China on the 9th, the Producer Price Index (PPI) for October rose 5.7% year-on-year. This is 0.7…
High oil prices drive up production costs in the world's second largest economy. Producer prices rose by 5.7 percent year-on-year in October.
High energy costs drive producer prices in China. On an annual basis, the increase was 5.7 percent in October. Prices had already risen significantly in September.
Chinese inflation spikes at plants and cools in shops
China's producer inflation accelerated to its fastest pace in nearly four-and-a-half years while consumer inflation cooled in October, data showed on Monday, reflecting persistent cost pressures from higher oil prices despite weak domestic demand. Global oil prices remained elevated during much of last month, raising costs for coal mining, oil and natural gas extraction processing, chemicals and other energy-intensive sectors, a key driver of pr…
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = Despite sluggish domestic demand, the Chinese economy saw its Producer Price Index reach its highest level in over four years last month amid the aftermath of soaring oil prices...
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