China

China inflation: record factory prices amid power crunch add to risks facing world’s No 2 economy



China’s record-high level of factory gate inflation has increased the risk of stagflation, but surging coal prices that have forced factories to charge more for their products are unlikely to keep rising at the same pace for much longer, analysts said.China’s energy crisis is accentuating economic problems posed by elevated coal prices, which helped push the producer price index (PPI) from 9.5 per cent year on year growth in August to a new high of 10.7 per cent in September.The increase in…



READ SOURCE

See also  Man, family who lied about Wuhan ties under probe in Fujian

Leave a Reply