China inflation: record factory prices amid power crunch add to risks facing world’s No 2 economy
Published
Oct 14 2021 at 2:15 PM GMT
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- 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 95 per cent year on year growth in August to a new high of 10.7 per cent in September.
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- Published Oct 14, 2021 2:15 PM GMT