China's factory-gate prices grew by 10.7% year on year in September, driven by sharp coal price increases and energy curbs.
The producer price index (PPI), which reflects the prices factories charge wholesalers for their products, soared by 10.7% in September from a year earlier, compared with a rise of 9.5% in August, data from the National Bureau of Statistics showed on October 14.
The increase was largely driven by a 74.9% rise on the year in the coal mining sector in September, compared with a rise of 57.1% a month earlier.
"In September, affected by factors such as rising prices of coal and some energy-intensive industries, the price increase of industrial products continued to expand," said NBS spokeswoman Dong Lijuan, who added that among 40 industrial sectors surveyed, 36 saw price hikes.
China's official consumer price index (CPI), meanwhile, rose by 0.7% from a year earlier in September, slowing from a rise of 0.8% in August, the NBS said.
(Writing by Alex Guo Editing by Tammy Yang)
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