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China’s Factory Inflation Jumps as Officials Warn of Risks
Bloomberg 1 hr ago Bloomberg News
(Bloomberg) China’s producer prices climbed the most since July 2018 as commodity costs surged, a worrying sign for policy makers seeking stable inflation and adding to global risks.
The producer price index rose 4.4% in March from a year earlier after gaining 1.7% in February, the National Bureau of Statistics said Friday, higher than the 3.6% median estimate in a Bloomberg survey of economists. The consumer price index increased 0.4% from a year earlier after falling for two straight months. © Bloomberg While consumer prices start rising again
After months of deflation, producer prices have started to pick up sharply this year as the cost of oil, copper and agricultural goods rally. That’s gained the attention of top policy makers, with the Financial Stability and Development Committee chaired by Vice Premier Liu He calling for efforts to stabilize pr