China Producer Inflation Accelerates to 5.7% in October
China’s producer price index rose 5.7% year over year in October, up from 5.0% in September. Consumer prices edged down, while the report cited higher oil prices and weak domestic demand.
China's producer prices rose further in October while consumer inflation cooled, reflecting persistent cost pressures from higher oil prices despite weak domestic demand.The producer price index climbed to 5.7% last month from a year earlier, compared with a 5.0% increase in September, beating econ…