China producer prices surge since June 2022
Producer prices in China rose by 5% in September, marking the fastest increase in over four years, as companies faced higher costs due to rising fuel prices, especially coal, driven by increased winter heating demand and supply shortages. The consumer price index also increased by 0.9%, with a significant jump in gasoline prices of 16.6%, despite a 1.7% decline in food prices. The data indicates weak domestic demand despite higher production costs.
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