China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy.
Consumer prices also beat expectations, accelerating to a six-month high, though analysts say the room for further rises is limited.
"We think producer price inflation will recover further in coming quarters but will top out at a little over 4 percent y/y before dropping back again," Capital Economics economist Julian Evans-Pritchard said in a note.
