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China’s March Producer Prices Jump Most in More Than Two Years
China’s producer prices climbed the most since July 2018 as commodity costs surged and the economy’s recovery strengthened. Consumer prices gained for the first time in three months. The producer price index rose 4.4% in March from a year earlier after gaining 1.7% in February, the National Bureau of Statistics said Friday. The median forecast in a Bloomberg survey of economists was 3.6% The consumer price index rose 0.4% from a year earlier Key Insights After months of deflation, producer prices have started to pick up sharply this year as the cost of oil, copper and agricultural goods rally As the world’s ... (full story)
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- Posted: Apr 8, 2021 10:52pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 353
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