Economics
China’s Factory Inflation Seen Quickening to 26-Year High
- PPI forecast to rise 12.3%; consumer price rises at 1.4%
- October inflation data to be released Wednesday morning
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Prices that Chinese companies charge for their output likely rose at the fastest pace in more than two decades last month, driven by the continued commodity boom and an energy crunch, coupled with a resurgence of Covid and bad weather.
The producer price index is expected to have climbed 12.3% last month from a year earlier, according to the median estimates in a Bloomberg survey of economists, the fastest pace since late 1995. Producer prices in China have been rising rapidly in the past few months, first due to the global commodity price rally and then output curbs caused by a power crunch nationwide.