Factory gate prices in China rose at their fastest pace in more than a quarter of a century as record coal prices intensified inflationary pressures on businesses and manufacturers.
The producer price index rose 10.7 per cent in September compared with a year earlier, official data showed on Thursday, the highest rate of increase since 1995. In August, PPI added 9.5 per cent.
Soaring global commodity prices have pushed factory gate prices in China sharply higher this year, with a shortage of coal compounding an energy crisis and leading to calls from the government for higher production.
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