China’s October producer prices rise 5.7%, fastest since June 2022
China’s National Bureau of Statistics announced that October producer prices rose 5.7% year on year, up from 5.0% in September and above the 5.3% market forecast. It was the fastest increase since June 2022. Consumer-price inflation slowed to 0.7% from 0.9%, below the 0.8% forecast; on a monthly basis, producer prices rose 0.7% while consumer prices were unchanged.