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BEIJING — Chinese producer prices rose more than expected to hit a more than four-year high in October, official data showed on Monday, owing to surging energy costs, though consumer inflation remained below target. Factory gate costs increased 5.7 percent year on year last month, the National Bureau of Statistics (NBS) said, topping the 5.3-percent estimated in a Bloomberg survey of economists. The jump marked the fastest growth in the producer price index (PPI) since June 2022. The PPI has steadily picked up since the start of the Iran war at the end of February. That ended a period of…
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