China factory-gate inflation picks up in August, official data shows
China’s factory-gate inflation gathered pace in August: producer price index rose 3.8% year over year. Consumer price gains also picked up, with energy prices remaining elevated amid supply risks and Middle East-linked maritime disruptions.
China's factory-gate inflation gathered pace in August, while consumer price gains also picked up, official data showed on Wednesday. Supply risks and maritime disruptions tied to the Middle East conflict kept energy prices elevated. 8% from a year earlier, National Bureau of Statistics data showed.