China’s Factory-Gate Inflation Hits Highest in More Than Four Years

China’s producer-price inflation accelerated to 5.7% year-on-year in October, its highest level since June 2022, while consumer inflation slowed, highlighting a widening divergence between upstream and downstream prices.

The producer price index (PPI) rose 0.7 percentage points faster than in September, while the consumer price index (CPI) increased 0.7% year-on-year, down from 0.9%, data released Monday by the National Bureau of Statistics showed.