China has recorded its first year-on-year increase in factory gate prices since 2022 as the impact of the war in Iran ripples across the global supply chain.
The producer price index rose 0.5 per cent year on year in March, compared with a decline of 0.9 per cent in February. The last such increase was in September 2022.
The world’s second-largest economy has for years grappled with the threat of deflation amid concerns about overcapacity and the fallout from a prolonged property slowdown, now in its fifth year.
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