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China’s prices surge past forecasts amid lockdowns, Ukraine war

China Ukraine Carlos Casanova Al Jazeera

China's factory inflation in March rose 8.3 percent year on year amid rising energy prices and supply chain disruptions [File: Qilai Shen/Bloomberg]

China’s inflation rose more than expected in March as COVID-19 lockdowns and the fallout of the war in Ukraine pushed up prices in the world’s second-largest economy.

China’s producer price index (PPI), which measures factory inflation, increased 8.3 percent year on year, according to data from the National Bureau of Statistics (NBS) released on Monday, amid rising energy prices and persistent supply chain disruptions.

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