China consumer inflation up amid food supply concerns as factory-gate prices hit new record high

Nov 10, 2021 | INVESTING

China’s consumer prices rose only slightly last month amid public concerns over food shortages, but factory-gate inflation hit a record high, data released on Wednesday showed.China’s official consumer price index (CPI) rose by 1.5 per cent in October from a year earlier, up from a rise of 0.7 per cent in September, the National Bureau of Statistics (NBS) said.This was above the Bloomberg survey median, which had predicted a rise to 1.4 per cent. Beijing has set a 2021 CPI growth target of…

Read More

Pin It on Pinterest