UPDATE 1-China producer prices up 3.5 pct in Feb on year

Newswire

(Adds details, background) By Tamora Vidaillet BEIJING, March 24 (Reuters) - Chinese producer prices rose 3.5 percent in the year through February on the back of higher costs for raw materials as investment surged into hot sectors of the economy. Prices of goods measured at the factory gate, a leading indicator of inflation, were also 3.5 percent higher in the first two months of 2004 than a year earlier, the State Statistical Bureau said on Wednesday, underscoring a rising trend ...

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