China's factory gate inflation hits 26-year high - NewsBreak
By Alvarez in Business
Updated 2 years ago
BEIJING, Nov 10 (Reuters) - China's October factory gate prices rose at the fastest pace since 1995, beating forecasts and further squeezing profit margins for producers grappling with soaring coal prices and other commodity costs due to the power crunch. The producer price index (PPI) climbed 13.5% from a year...