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.
10 Articles
10 Articles
China’s factory-gate prices rise faster, but consumer inflation subdued
Growth in Chinese factory-gate prices continued to accelerate last month, while consumer price growth remained subdued despite Beijing’s efforts to shore up domestic demand and support the economy in meeting its annual growth target. The producer price index (PPI) rose 5 per cent year on year in September, the highest rate since mid-2022, according to data released by the National Bureau of Statistics on Wednesday. It rose by 3.8 per cent in Aug…
China Producer Inflation Hits Over 4-Year High
China’s producer price inflation accelerated to 5.0% year-on-year in September 2026, up from 3.8% in August and above market expectations of a 4.5% increase. This was the fastest pace since June 2022, driven largely by a rebound in production material prices, which rose 6.5% compared with 5.0% in August. Within this category, price growth was stronger in mining (25.4% vs 17.8%), raw materials (9.4% vs 6.7%) and processing (3.4% vs 3.1%).In contr…
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
