China factory prices surge most since 2008

Rising prices: A file picture showing workers on a production line at the Huajian shoe factory in Dongguan, China. Producer price index rose 7.8 last month from a year earlier, compared with median estimate of 7.7 and a 6.9 in January. – AFP

BEIJING: China’s producer prices surged at the fastest pace since 2008, further lifting the outlook for global reflation as manufacturers in the exporter to the world look to pass on higher costs.

Producer price index rose 7.8% last month from a year earlier, compared with median estimate of 7.7%