Smoke billows from a large steel plant in Inner Mongolia, China, on Nov. 4, 2016. (Kevin Frayer/Getty Images) China ’s factory-gate inflation index, the PPI, rose 10.7 percent from a year earlier in September—the highest level on record—driven in part by soaring energy prices , and potentially adding to global inflation pressure.
The National Bureau of Statistics (NBS) on Thursday released the figure that measures price fluctuations of goods at the factory gate.
China’s producer price index (PPI) marked its biggest rise since the bureau started compiling the data in 1996. Economists in a Reuters poll had expected a 10.5 percent […]
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