China’s Factory-Gate Inflation Hits Four-Year High as Consumer Prices Lag

China’s producer prices rose at the fastest pace in more than four years in September, while consumer inflation came in slightly below market expectations, underscoring a widening gap between upstream cost pressures and weak downstream demand.

The producer price index (PPI) climbed 5% year-on-year in September, the highest since June 2022, according to data released Wednesday by the National Bureau of Statistics.