China’s factories jolt back to inflation on Iran war price shock
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China's factory-gate prices rose for the first time in 3.5 years in March due to the Middle East conflict, leading to cost pressures in the world's second-largest economy. The producer price index increased 0.5% from a year earlier, outpacing estimates, while consumer prices rose at a slightly slower pace.
China's factory-gate prices have risen for the first time in 3.5 years. The producer price index increased 0.5% from a year earlier. Energy-intensive industries saw significant price surges. Consumer prices rose 1% year-on-year. The emergence of imported price pressures poses a challenge for policymakers. China needs to balance rising inflation with growth risks.
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