China Factory Inflation Grows at Record Pace on High Energy Prices

HONG KONG—China’s factory-gate prices surged at a record pace in October due to higher energy costs, adding to anxieties that global inflation will persist while constraining Beijing’s ability to stimulate the nation’s economy.

China’s producer-price index rose by a record 13.5% in October from a year earlier, accelerating from a 10.7% increase in September, according to the National Bureau of Statistics.