Business
China’s factory prices surged last month; here’s why that matters – Aljazeera.com
Rapidly rising producer prices, driven by higher energy costs, raise concerns of accelerating global inflation.
Chinas producer prices climbed in March by the most since July 2018 on surging commodity costs, adding to worries over rising global inflation as the pandemic recedes.
The producer price index rose 4.4% 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% after falling for two straight months.
After months of deflation, producer prices have…
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