China: + 13.5% production prices in October, all-time highs

BEIJING, 10 NOV – Producer prices in China jumped 13.5% annually in October, over 12.4% in September and the expected 10.7%, reaching new all-time highs at least since October 1996 with the start of data collection on a homogeneous basis. This is, reported the National Statistics Office, the tenth consecutive month of growth in the wake of the high costs of raw materials, starting with coal. Inflation also rises to its highest levels since September 2020 due to the 1.5% progress, doubling the 0.7% in September and exceeding the 1.4% estimated by analysts. On a monthly basis, the rise is 0.7%, the highest in the last 9 months. (HANDLE).


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