China's record factory inflation poses another threat to supply chains

The producer price index — which measures the cost of goods sold to businesses — soared 10.7% in September from a year ago, according to government data released Thursday. That is the fastest increase since 1996, when the government began releasing such data, according to Eikon Refinitiv data. The spike can be attributed to “higher prices in coal and products from energy-intensive sectors,” Dong Lijuan, senior statistician at China’s National Bureau of Statistics, said in a statement. Coal prices are at record highs in the country as supplies struggle to keep pace with demand from power stations.Thursday’s data shows that the rising costs of raw materials are cutting aggressively

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China's record factory inflation poses another threat to supply chains

The producer price index — which measures the cost of goods sold to businesses — soared 10.7% in September from a year ago, according...