China’s factory-gate price growth picks up in August as Iran war fuels energy volatility
China’s factory-gate price growth accelerated in August, while consumer inflation picked up again, amid volatile energy and commodity costs linked to the US-Israel war on Iran. The producer price index rose 3.8 per cent year on year last month, up from 3.5 per cent in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The reading beat a 3.6 per cent projection from economists polled by financial data provider Wind. Meanwhile, the consumer price index…
Exact coordinates
israel: 31.050, 34.850
iran: 32.430, 53.690
china: 35.860, 104.200
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