Producer prices in China have risen for the first time in 54 months as consumer inflation picked up due to flood damage to key crops boosting food prices.
Factory gate prices rose 0.1 per cent year-on-year in September, according to the National Bureau of Statistics, the first growth reading since January 2012. That was up from a fall of 0.8 per cent the month prior, beating a median forecast from economists predicting a contraction of 0.3 per cent.
Month-on-month producer prices were up 0.5 per cent, up from 0.2 per cent in August.
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