China's producer inflation accelerates
China's producer price index (PPI) rose 5.7% year on year in October, exceeding the 5.3% forecast and accelerating from 5.0% in September.
The figures released on November 9 showed a monthly PPI increase of 0.7%, while industrial purchasing prices climbed 7.9% annually. Higher energy and raw-material costs were key drivers.
Producer costs rising faster than consumer prices could squeeze Chinese manufacturers' profit margins. Sustained pressure on energy-intensive industries may also influence pricing decisions across global supply chains.
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