China's producer prices hit highest level since 2022
Factory-gate prices in China climbed 5% in September from a year earlier, beating forecasts. Consumer inflation also edged up to 0.9%.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
China's producer price index rose 5% year-on-year in September, up from 3.8% in August and above the 4.5% economists had expected. It was the fastest increase since June 2022, driven by higher oil and commodity prices. Consumer inflation edged up to 0.9% in September from 0.8% in August, slightly below expectations.
Why it matters
Shanghai Composite stock index fell 0.3% as investors weighed a gradual recovery in consumer prices against rising cost pressures for producers.
Timeline
- Oct 13, 9:41 PM ET: China's National Bureau of Statistics reported that producer prices rose at a faster pace in September while consumer inflation edged up.
- Oct 13, 10:07 PM ET: The Shanghai Composite fell 0.3% to 3,791 as investors weighed consumer price recovery against producer cost pressures.
- Oct 14, 7:10 AM ET: Consumer prices rose 0.9% year-on-year in September, led by a 16.6% jump in gasoline prices, while food prices fell 1.7%.
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