China’s Factory-Gate Inflation Index Reaches Record High

China’s Factory-Gate Inflation Index Reaches Record High
Smoke billows from a large steel plant in Inner Mongolia, China, on Nov. 4, 2016. Kevin Frayer/Getty Images
Katabella Roberts
Updated:

China’s factory-gate inflation index, also known as the producer price index (PPI), rose 10.7 percent—the highest level on record—in September from a year earlier, partly driven by soaring energy prices, and potentially adding to global inflation pressure.

The National Bureau of Statistics (NBS) on Oct. 14 released the figure that measures price fluctuations of goods at the factory gate.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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