China inflation: Ukraine invasion impact starting to show despite factory-gate price growth cooling

Source: China – South China Morning PostChina’s headline factory-gate inflation rose at the slowest pace in eight months, according to data released on Wednesday, but rising commodity prices in response to the war in Ukraine have started to filter through.The official producer price index (PPI), which reflects the prices that factories charge wholesalers for products, rose by 8.8 per cent in February from a year earlier, down from a rise of 9.1 per cent growth in January.This was above expectations of analysts surveyed by Bloomberg,…Read More

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