China’s annual factory gate prices grow at their fastest pace
Edited By WION Video Desk
Published: Oct 14, 2021, 07:00 IST | Updated: Oct 14, 2021, 07:00 IST
Driven by energy curbs and soaring commodity prices, china’s annual factory gate prices grew at their fastest pace on record in September. The move has piled pressure on businesses already grappling with supply bottlenecks. The producer price index (PPI) rose 10.7% from a year earlier in September, the biggest rise since the data began to be compiled in 1996.
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