AFP, Beijing :
China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy.
The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed Saturday.
The pace of PPI expansion jumped from 5.5 percent registered in July, according to the National Bureau of Statistics, which Bloomberg said represented 12 consecutive months of growth.
China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy.
The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed Saturday.
The pace of PPI expansion jumped from 5.5 percent registered in July, according to the National Bureau of Statistics, which Bloomberg said represented 12 consecutive months of growth.
