China’s Factory Inflation Hits Post-Covid High After Cost Shock
Employees produce basketballs that will be exported to Europe at a factory in Jiangsu province.
Photographer: AFP/Getty Images
China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs.
Producer prices rose 2.8% in April from a year earlier after an increase of 0.5% in the previous month, according to data released by the National Bureau of Statistics on Monday. That was the fastest since July 2022 and higher than all estimates in a Bloomberg survey of economists, whose median was 1.8%.