China factory-gate inflation hits 5.5% in Dec

BEIJING: China’s producer prices rose at their swiftest pace in more than five years in December, the government said Tuesday, in a sign the world’s factory could begin exporting inflation to the global economy.

The producer price index (PPI) rose 5.5 percent year-on-year last month, the National Bureau of Statistics (NBS) said, far more than economists’ expectations of 4.6 percent in a Bloomberg News survey.