China's factory prices rise at fastest pace since August 2008


BEIJING: China's factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing's attempts to cool them.

The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster than the 9.0% increase tipped in a Reuters poll and the 9.0% reported in July.

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