BusinessPhoto: Firstpost WorldChina's Factory Inflation Hits Highest Since 2022 Due to Oil Price Surge
Rising oil prices have driven China's producer price index (PPI) to a 5% year-on-year increase in September, the fastest since June 2022, reflecting higher energy and raw material costs amid Middle East supply disruptions. However, consumer inflation remains subdued, with the consumer price index (CPI) rising only 0.9% year-on-year, below market expectations, indicating uneven economic recovery.
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