London
4 °C
Manchester
Glasgow
2 °C
Dublin
5 °C
Belfast
Washington
10 °C
Denver
8 °C
Atlanta
14 °C
Dallas
Houston Texas
17 °C
New Orleans
El Paso
Phoenix
Los Angeles
32 °C
31 °C
29 °C
6 °C
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
China's producer prices rose 5.7% from a year earlier in October, the fastest increase since mid-2022, as expensive oil lifted costs in mining, chemicals and other energy-intensive industries. Consumer inflation slowed to 0.7%.
China's producer prices rose 5.7% from a year earlier in October, the fastest increase since mid-2022, as expensive oil lifted costs in mining, chemicals and other energy-intensive industries. Consumer inflation slowed to 0.7%.
The split shows that external energy shocks are raising factory costs without producing strong household demand. Core consumer inflation eased to 0.8%, reinforcing concerns that weak confidence and the property downturn are limiting companies' ability to pass costs on to shoppers.
E.Accardi--INP
