China’s Producer Price Index (PPI) accelerated in September 2026, rising 5.0% year-over-year, up from 3.8% in August, according to data updated on 14 October 2026. The figures highlight a notable strengthening in price pressures at the factory gate, as the pace of producer inflation quickened by 1.2 percentage points in just one month.
The PPI measures the average change over time in the selling prices received by domestic producers for their output, and this data is reported on a year-over-year basis. The “previous” reading of 3.8% for August 2026 reflected price changes compared with August a year earlier, while the current 5.0% September reading compares prices to September of the prior year. The acceleration suggests rising costs in China’s industrial sector, with potential implications for corporate margins and, if passed on, for consumer inflation both domestically and abroad.
