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- China inflation accelerated to the highest since 2013 in September
China inflation accelerated to the highest since 2013 in September
According to the report from National Bureau of Statistics, China inflation accelerated to the highest since 2013 on food prices, while factory gate prices eased further in September as trade disputes with the US and subdued demand weighed on the manufacturing sector.
Consumer price inflation rose to 3 percent in September from 2.8 percent in August. The expected rate was 2.9 percent. Monthly inflation advanced to a seven-month high of 0.9 percent from 0.7 percent in August.
Food inflation climbed to 11.2 percent from 10 percent as disruption to pork supply following African swine fever pushed up pork price inflation sharply to 69.3 percent. Meanwhile, non-food inflation eased to 1 percent from 1.1 percent. Core inflation excluding food and energy remained stable at 1.5 percent, data showed.
Another report from NBS showed that producer prices declined for the third straight month in September. Producer prices decreased 1.2 percent annually after falling 0.8 percent in August. On month, producer prices gained 0.1 percent, offsetting a 0.1 percent drop in August.
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