Wholesale prices see their biggest annual increase on record in November, adding to concerns about inflation. Cryptocurrency platform FTX is making a sponsorship deal with the Golden State Warriors for global rights. What does that mean for the chase center and for FTX? Officials warn about a software flaw, and hundreds of millions of devices around…
China Factory-Gate Inflation Slows in November
December 10, 2021
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Business & EconomyChinaChina Business & Economyeconomyfactory gate pricesinflationnational bureau of statisticsPPI
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China’s sky-high factory inflation, also known as the producer price index (PPI), slowed in November from a 26-year high the month before. The factory inflation rose 12.9 percent from a year earlier in November, slower than October’s 13.5 percent—the most significant increase since 1995—but faster than the 10.7 percent of September, according to a Dec….
China’s Factory Inflation Accelerates to 26-Year High, Yet Demand Remains Weak
November 10, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & Economyconsumer pricesCPIEconomiesfactory gate pricesinflationPPIproducer pricesWorld
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China’s factory gate prices rose at the fastest pace in 26 years in October, but producers have had no way to cover their costs with consumer demand remaining weak. Factory gate prices refer to the cost at which wholesalers purchase materials from producers, not considering transport and distribution fees. The producer price index (PPI) has soared…
Relief from High Prices Unlikely, Analysts Say Ahead of Consumer Inflation Data Release
With investors closely eyeing two major data releases this week on inflation—one on producer input costs and the other on consumer prices—Wells Fargo analysts say it’s unlikely sticker-shock-weary consumers will see relief as the persistent supply-side crunch will “keep fanning the flames on inflation in the near term.” On Tuesday, the Labor Department will release…
China’s Factory Activity Falls in October, Producer Price Soars to ‘Years High’
October 31, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesfactory activitynational bureau of statisticsPPI
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Beijing said China’s factory activity shrank for a second month in October, putting it down to power shortages, high raw material prices, and soft domestic demand. Meanwhile, authorities said producer prices have risen to “years high.” Oct. 31 data from the National Bureau of Statistics (NBS) show China’s purchasing managers’ index (PMI) for the manufacturing sector…
China Allows Higher Electricity Prices, Adding to Mounting Inflation Pressure
October 14, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyEconomiesinflationMarketsPower CrunchPPIWorld
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The Chinese government will allow electricity prices to increase in its boldest reforms to the energy sector in decades, hoping to ease a worsening power crunch. But the country’s inflation pressures are rising, threatening its economic growth. China’s National Development and Reform Commission (NDRC) said on Oct. 12 that the price of coal-fired power could…
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