China’s industrial inflation hits record high in 25 years

7

The Producer Price Index rose 10.7% year-on-year in September

Industrial production costs in China grew in September at the highest rate recorded in 25 years, impacted by higher energy prices, according to official data published on Thursday.

The Producer Price Index (PPI), which measures the cost of goods leaving the factory, rose 10.7% year-on-year in September, according to the National Bureau of Statistics.

This is the most significant increase since October 1996, when the organization began compiling the data.

In August, the index had already registered a record in 13 years (9%).

The global economic recovery has led to a sharp increase in raw materials, particularly coal, on which China depends to power its electric power plants.

Thanks for reading the EXAM! How about becoming a subscriber?

Get unlimited access to the best content of your day. In just a few minutes, you create your account and continue reading this article. Come on?

It’s just a moment before you release your access.

digital exam

BRL 4.90/month
  • R$ 14.90 from the second month.
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

annual digital exam

BRL 129.90/year
  • R$ 129.90 in cash or in up to 12 installments. (BRL 10.83 per month)
  • Access whenever and wherever you want.
  • Unlimited access to EXAME Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

palheta smll China's industrial inflation hits record high in 25 years

See too

4240773