China factory gate prices jump in February as producers pass on rise in raw materials prices

Source: South China Morning PostChina’s factory gate prices continued to rise in February, as producers passed on rising raw material prices, data released on Wednesday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose to 1.7 per cent in February from a year earlier, a sharp increase from the gain of 0.3 per cent in January.This was above expected, with a Bloomberg survey of analsyts predicting oka rise to 1.3 per cent.China’s official consumer price…Read More

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