China producer prices jump fastest since June 2022
The producer price index in China rose by 5% in September, marking the fastest increase in over four years, driven by higher fuel costs, which led to inflation in company expenses. Consumer prices also increased by 0.9%, below expectations. This rise occurs amid the slowest economic growth rate in over three years, with government signals indicating increased political support to achieve growth between 4.5% and 5% by 2026. The long-term goal is to double the GDP between 2020 and 2035.
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