China's factory-gate prices climb fastest since mid-2022
China's factory-gate inflation accelerated more than expected, hitting its quickest rate since June 2022 and outpacing the prior month's 3.8% reading. Officials pointed to pricier commodities and AI-driven infrastructure demand, while consumer prices stayed muted.
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This story is no longer being updated.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 prices rose at the fastest pace since June 2022, beating expectations. The increase was higher than the 4.5% forecast by economists polled by Reuters and above the 3.8% seen in the previous month. A statistician attributed the gain to higher commodity prices and stronger demand from AI-related infrastructure, while consumer inflation remained subdued.
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