COVID-19: China factory inflation hits new high

China’s factory-gate inflation hit a 26-year high last month, while fresh COVID-19 outbreaks and soaring food and energy prices sent consumer prices up more than forecast, official figures showed yesterday.

The producer price index (PPI) has been rising for four straight months, putting pressure on authorities to stop costs from running out of control, just as officials battle to kick-start a recovery in the world’s No.…

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