China's Sept producer price index spikes 6.9%
Commodity prices up on construction boom and uncertainty after govt crackdown on air pollution
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Beijing
CHINA'S producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices.
China's strong demand for building materials has triggered a year-long commodities rally which is helping to buoy manufacturing activity and inflation around the world, even if it has yet to trickle down to the consumer level.
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