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China producer prices increase fastest since June 2022
The Producer Price Index in China rose by 5% in September, the highest rate in over four years, driven by increased costs for companies due to higher fuel prices, with expectations that global coal prices will continue to rise. Consumer prices also increased by 0.9%, primarily due to a 16.6% surge in gasoline prices, while food prices declined by 1.7%. The decline in the core inflation rate indicates weak domestic demand, according to economic analysts.
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