China’s factory-gate inflation hits fastest pace in over four years

China’s factory-gate inflation accelerated in October to its fastest pace in more than four years, while consumer inflation cooled, CNA said in its November 9 market report.

China’s National Bureau of Statistics said consumer prices rose 0.7% from a year earlier and were unchanged from the previous month. Higher non-food prices mainly drove the annual increase, while falling food prices held it down.

The consumer price index tracks prices paid by consumers, while the producer price index tracks prices received by domestic producers. They measure prices at different stages rather than the same transactions.