China Feb producer prices jump 7.8%

BEIJING: China’s factory gate prices rose at the fastest pace in more than eight years in February, official data showed Thursday, fuelling hopes the country may export inflation to the global economy.

The producer price index (PPI) increased 7.8 percent year-on-year, according to the National Bureau of Statistics (NBS), marking the sixth straight month of rises and beating economist expectations of a 7.7 percent jump in a Bloomberg poll.