September factory gate inflation hits record high

The producer price index (PPI) rose 10.7% from a year earlier in September, the National Bureau of Statistics (NBS) said yestersday, the biggest rise since the data began to be compiled in 1996.

BEIJING: China’s annual factory gate prices grew at their fastest pace on record in September, driven by energy curbs and soaring commodity prices, piling pressure on businesses already grappling with supply bottlenecks.

The producer price index (PPI) rose 10.7% from a year earlier in September, the National Bureau of Statistics (NBS) said yestersday, the biggest rise since the data began to be compiled in 1996.