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China Sept factory inflation hits highest since records started

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BEIJING, Oct 14 (Reuters) – China’s annual factory gate costs rose extra rapidly than anticipated in September, pushed by hovering uncooked materials costs, piling stress on companies already grappling with power curbs and provide bottlenecks.

The producer worth index (PPI) rose 10.7% from a yr earlier in September, its quickest tempo since the info started to be compiled in October 1996, the National Bureau of Statistics (NBS) mentioned on Thursday. That in contrast with a rise of 10.5% forecast in a Reuters ballot and a 9.5% rise in August.

The NBS knowledge additionally confirmed China’s shopper worth index (CPI) rose 0.7% year-on-year in September versus an anticipated 0.9% acquire within the Reuters ballot and a 0.8% improve in August.

Reporting by Liangping Gao, Stella Qiu and Ryan Woo; Editing by Ana Nicolaci da Costa

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