Economics
China’s Factory Price Surge Deepens Global Inflation Worries
- Producer-price inflation accelerates to 4.4%, above estimates
- Vice Premier Liu He calls for efforts to stabilize prices
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China’s 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.