China's Factory-Gate Price Growth Rises Amid Iran War Volatility

China's factory-gate price growth accelerated in August due to volatile energy and commodity costs linked to the US-Israel war on Iran.

The producer price index rose 3.8% year-on-year last month, up from 3.5% in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday.

This growth was driven by rising international prices for crude oil and non-ferrous metals, which led to price increases in related domestic sectors.

Rising coal mining prices surged 26.6% year-on-year in August, while non-ferrous metal processing rose 20.8%. Oil and gas extraction prices climbed 10.5%.

The consumer price index (CPI), a crucial gauge of inflation, rebounded with an 0.8% year-on-year increase last month, after two months of slower growth.