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China inflation: commodity costs push factory-gate prices to rise at fastest pace since August 2008

Summary:
[unable to retrieve full-text content]Factory-gate price inflation in China remained high in August, rising to the highest level in 13 years, data released on Thursday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9.5 per cent in August from a year earlier, from a gain of 9 per cent in July the National Bureau of Statistics (NBS) said.This was the fastest pace since August 2008 and was also above expectations, as a Bloomberg survey of analysts had…

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[unable to retrieve full-text content]
Factory-gate price inflation in China remained high in August, rising to the highest level in 13 years, data released on Thursday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9.5 per cent in August from a year earlier, from a gain of 9 per cent in July the National Bureau of Statistics (NBS) said.This was the fastest pace since August 2008 and was also above expectations, as a Bloomberg survey of analysts had…

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