China's producer prices rose the fastest in more than five years in November as prices of coal, steel and other building materials climbed, boosting industrial profits and giving firms more cash flow to pay off mountains of debt.
The producer price index (PPI) rose 3.3 percent last month from a year earlier, a pace not seen since late 2011 and well above expectations, the National Bureau of Statistics (NBS) said on Friday.
On a monthly basis, producer prices rose 2.1 percent.
China's consumer inflation rate also quickened to 2.3 percent on-year, the highest since April, due to higher food prices.
