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China’s Producer Inflation at 26-Year High Adds to Global Risks

  • PPI climbs 10.7% as coal prices soar amid electricity crunch
  • PBOC Governor says at G-20 that inflation is‘moderate’
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WATCH: ANZ Chief Greater China Economist Raymond Yeung reacts to China's CPI and PPI data.

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China’s factory-gate prices grew at the fastest pace in almost 26 years in September, potentially adding to global inflation pressure if local businesses start passing on higher costs to consumers.   

The producer price index climbed 10.7% from a year earlier, beating forecasts and reaching the highest since November 1995, as coal prices and other commodity costs soared, data from the National Bureau of Statistics showed Thursday.