China inflation: factory-gate price growth remained high in August, rising above expectations

Factory-gate price inflation in China remained high in August, data released on Thursday showed.The producer price index (PPI), which reflects the prices that factories charge wholesalers for their products, rose by 9.5 per cent in August from a year earlier, from a gain of 9 per cent in July the National Bureau of Statistics (NBS) said.This was above expectations, as a Bloomberg survey of analysts had predicted an unchanged reading.China’s official consumer price index (CPI), meanwhile, rose…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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