China Factory-Gate Prices Accelerate Amid Energy Volatility

China’s factory-gate price growth accelerated to 3.8 percent year on year in August, up from 3.5 percent in July, driven by volatile energy costs linked to the Middle East conflict. National Bureau of Statistics data released Wednesday showed the producer price index beat the 3.6 percent analyst projection. Consumer inflation also picked up as global commodity markets responded to ongoing supply pressures and geopolitical tensions.