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In October, the province’s PPI rose 6.75% year-on-year. From a quarter-on-quarter perspective, the province’s PPI rose by 1.14% in October, an increase of 0.5% from September. This was 0.02 percentage points higher than the highest January figure this year.
According to data released by the National Bureau of Statistics Survey Corps of Shandong in the middle of this month, in October, affected by the increase in the growth rate of agricultural and sideline products, steel products, refined oil, and chemical raw materials and chemicals, Shandong's industrial product ex-factory price (PPI) and raw materials and fuels, The purchase price of power increased year-on-year. The increase in the price chain has created the highest point since this year.