China wholesale inflation hits over four-year high as consumer measure slows

YUEQING, CHINA - OCTOBER 14: Shoppers select fruit at a supermarket on October 14, 2026 in Yueqing, Zhejiang Province of China. Vcg | Visual China Group | Getty ImagesProducer prices in China grew at the fastest rate since June 2022, accelerating for the third month in a row.The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.Consumer inflation in China slowed to 0.7% in October, its first deceleration after two straight months of increases. The figure missed expectations of a 0.8% rise from economists polled by Reuters, and was lower than the 0.9% seen in September. The Chinese economy has shown some signs of expansion recently. It grew faster than expected in the third quarter, and September saw a sharp beat in retail sales. This is breaking news, please check back for updates.