China inflation: factory-gate prices surge by most in over three years

May 11, 2021 | INVESTING

China’s factory gate prices rose at the fastest rate in three and a half years during April, official data showed on Tuesday, as the world’s second-largest economy continued to gather momentum following record-setting growth in the first quarter.The producer price index (PPI), a gauge of industrial profitability, rose 6.8 per cent from a year earlier, the National Bureau of Statistics said in a statement, compared with a 6.5 per cent rise tipped by a Reuters poll of analysts and a 4.4 per cent…

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