China’s producer price index (PPI) in February recorded the steepest increase in nearly eight years while consumer inflation increased moderately, according to the latest data released by the National Bureau of Statistics.
China’s producer price index (PPI) in February recorded the steepest increase in nearly eight years while consumer inflation increased moderately, according to the latest data released by the National Bureau of Statistics.
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China’s producer price or factory price in the month of February stood at 7.8 percent, narrowly edging out the Reuters economists forecast of 7.7 percent. When calculated on a yearly basis, the producer price shows a steep growth, growing at the fastest pace since September 2008.
The growth in February’s PPI was largely driven by a rise in commodity prices, with raw material prices growing sharply across the board.
