AI Data Insight
In September 2026, the YoY growth rate of China's means of production PPI climbed sharply to 6.5% (index value 106.5), accelerating for two consecutive months and significantly exceeding the previous value of 5.0% (index value 105.0). Driven by the dual catalysts of soaring international oil prices and exploding demand for AI computing metals, prices for upstream mining and raw materials skyrocketed; however, terminal consumption remains sluggish, raising concerns about squeezed corporate profits.