26 April 2019

China Sept CPI up 3.1% on year, PPI down 1.3%, govt says

China’s consumer price index rose 3.1 percent in September from a year earlier, mainly due to higher food prices, the National Bureau of Statistics said in a statement on Monday. The September figure compares with a 2.6 percent growth in August and the highest since February this year, when the Lunar New Year holiday took place. Food prices climbed 6.1 percent last month from a year earlier while non-food prices were up 1.6 percent, the statement said. Meanwhile, the producer price index, a supply-side inflation gauge, fell 1.3 percent in September from a year earlier, marking the 19th straight month of contraction but improving from a 1.6 percent fall in the previous month, official data showed. The September figure was also the smallest fall since April last year.

– Contact HKEJ at [email protected]



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