China’s Factory Prices End 41-Month Decline
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China’s factory-gate prices rose in March for the first time in more than three years, ending a prolonged decline as higher global commodity costs pushed up input prices.
The producer price index (PPI) rose 0.5% year-on-year, snapping 41 months of declines, official data showed Friday. On a month-on-month basis, the PPI climbed 1%, the fastest pace in four years.
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- China's PPI rose 0.5% yoy in March, ending 41-month decline; up 1% mom, fastest in 4 years.
- Driven by higher global oil/metal prices from geopolitical tensions and domestic AI/computing demand.
- CPI rose 1% yoy, slowing from Feb and missing expectations; core CPI up 1.1% yoy, dragged by food/services.
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