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- China's inflation slows in September - NBS
China's inflation slows in September - NBS
RTTNews reports that data from the National Bureau of Statistics showed China's consumer price growth slowed in September on easing food price inflation and producer prices continued to ease.
Consumer prices advanced 1.7 percent on a yearly basis in September, slower than the 2.4 percent increase seen in August. This was also slower than the economists' forecast of 1.8 percent.
Core inflation, which excludes food and energy prices, held steady at 0.5 percent in September.
Driven by a slowdown in pork price inflation, food prices grew 7.9 percent following 11.2 percent rise in August.
On a monthly basis, consumer prices gained 0.2 percent versus a 0.4 percent rise a month ago.
Another report from NBS showed that producer prices were down 2.1 percent annually after easing 2 percent in August. Economists had forecast an annual decrease of 1.8 percent.
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