{"id":910885,"date":"2026-11-09T04:44:11","date_gmt":"2026-11-09T04:44:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/910885\/"},"modified":"2026-11-09T04:44:11","modified_gmt":"2026-11-09T04:44:11","slug":"china-wholesale-inflation-hits-highest-in-more-than-four-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/910885\/","title":{"rendered":"China wholesale inflation hits highest in more than four years"},"content":{"rendered":"

Producer prices in China grew at the fastest rate since June 2022, accelerating for the third month in a row.<\/p>\n

The PPI<\/a> for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters. The increase was driven by a sharp rise in prices in the mining and raw materials industries. <\/p>\n

The increase was driven by very strong external demand, Zhang Zhiwei, president and chief economist at Pinpoint Asset Management, told CNBC’s “Squawk Box Asia<\/a>.” <\/p>\n

Consumer inflation in China<\/a> slowed to 0.7% in October, its first deceleration after two straight months of increases. <\/p>\n

The figure missed expectations of a 0.8% rise from economists polled by Reuters, and was lower than the 0.9% seen in September. <\/p>\n

Core inflation, which strips out food and energy prices, came in at 0.8%, down from the 1% seen in the month before. <\/p>\n

The rise in consumer prices were still held up by prices of gasoline, which was the largest contributor to the increase in prices, but this was offset by a sharper than expected fall in food prices, according to Dong Lijuan, chief statistician of the urban division at China’s National Bureau of Statistics.<\/p>\n

The Chinese economy has shown some signs of expansion recently. It grew faster than expected<\/a> in the third quarter, and September saw a sharp beat in retail sales. <\/p>\n

The mainland Chinese CSI 300 index gained 0.56% after the data release.<\/p>\n

Pinpoint’s Zhang said that domestic demand has been rather weak due to the property market, and this is a key reason why inflation is not picking up in China<\/p>\n

“There’s no clear sign of stabilization [in that sector] yet,” he said, adding this was weighing on the household consumer confidence and local government revenue.<\/p>\n

“So the the overall economic momentum has been weak and hasn’t really seen [a] clear sign of recovery,” Zhang explained. <\/p>\n","protected":false},"excerpt":{"rendered":"Producer prices in China grew at the fastest rate since June 2022, accelerating for the third month in…\n","protected":false},"author":2,"featured_media":910886,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[8073,8072,449,28,122,144,1051,101,1052],"class_list":["post-910885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-breaking-news-asia","tag-breaking-news-economy","tag-business","tag-business-news","tag-china","tag-economic-events","tag-economy","tag-prices"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/910885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=910885"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/910885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/910886"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=910885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=910885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=910885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}