China Producer Prices Rise Five Percent in September
Chinas producer prices rose faster than expected in September driven by higher oil and commodity costs. The producer price index increased five percent year-on-year while consumer inflation edged up slightly.
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China's producer prices rose 5% in September, accelerating from August as higher commodity and Brent Crude Oil prices increased upstream pressures. The increase outpaced the 4.5% rise expected by economists in a Reuters poll, according to National Bureau of Statistics data released on Wednesday morning. The data highlights expanding factory-gate inflation across the world's second-largest economy.
