China factory inflation higher than expected as oil prices bite


BEIJING, April 11, 2022 (AFP): China's factory-gate inflation was higher than expected in March, official data showed Monday, as Russia's war on Ukraine pushes up oil prices while a domestic Covid-19 resurgence strains food supplies and consumer costs.

The producer price index (PPI) -- measuring the cost of goods at the factory gate -- grew 8.3 percent on-year, National Bureau of Statistics (NBS) figures showed.

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China , Factories , Inflation

   

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