Business & Finance
China’s Producer Prices Jolted by Oil as Inflation Rebounds
Key Points
Inflation & Prices China’s Producer Prices Jolted by Oil as Inflation Rebounds China’s consumer and producer inflation swung higher last month, as escalating hostilities in the Middle East sent oil prices surging past $100 a barrel and goods related to AI became more expensive. Prices at the factory gate jumped 5% from a year earlier, reaching their fastest since 2022, according to data released by the National Bureau of Statistics on Wednesday. The consumer-price index rose 0.9% after a...
Inflation & Prices
China’s Producer Prices Jolted by Oil as Inflation Rebounds
China’s consumer and producer inflation swung higher last month, as escalating hostilities in the Middle East sent oil prices surging past $100 a barrel and goods related to AI became more expensive.
Prices at the factory gate jumped 5% from a year earlier, reaching their fastest since 2022, according to data released by the National Bureau of Statistics on Wednesday. The consumer-price index rose 0.9% after a gain of 0.8% in August, slightly less than the median forecast of 1% by economists surveyed by Bloomberg.