Breaking News

China inflation: factory gate prices jump most in almost three years in March as producers pass on rising costs

China’s factory gate prices rose the most in more than two years in March, as producers passed on rising raw material prices, data released on Friday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose to 4.4 per cent in March from a year earlier, up from the gain of 1.7 per cent in February, the National Bureau of Statistics (NBS) said. This was above expectations, with a Bloomberg survey of analysts predicting a rise to 3…China’s factory gate prices rose the most in more than two years in March, as producers passed on rising raw material prices, data released on Friday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose to 4.4 per cent in March from a year earlier, up from the gain of 1.7 per cent in February, the National Bureau of Statistics (NBS) said. This was above expectations, with a Bloomberg survey of analysts predicting a rise to 3…Read MoreSouth China Morning Post