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China’s Factory Inflation Grows at Record Pace on Soaring Energy Prices
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HONG KONG—China’s factory-gate prices surged at a record pace in October due to higher energy costs, adding to anxieties that global inflation will persist while constraining Beijing’s ability to stimulate the nation’s economy.
China’s producer-price index rose by a record 13.5% in October from a year earlier, accelerating from a 10.7% increase in September, according to the National Bureau of Statistics.
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