China's September CPI Rose 0.9% Year-on-Year

Deep News
Oct 15

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Spots are limited, so act quickly. Let us go together to the appointment with sustainability! [Click to register] (Source: Workers' Daily) Beijing, October 14 (Reporter Shi Lanlan) Data on the consumer price index (CPI) and producer price index (PPI) released today by the National Bureau of Statistics show that in September, the national CPI rose 0.9% year-on-year and 0.2% month-on-month, while the core CPI, excluding food and energy prices, rose 1% year-on-year; the national PPI rose 5% year-on-year and 1.2% month-on-month.

From a year-on-year perspective, in September, the national CPI rose 0.9%, with the increase expanding by 0.1 percentage point from the previous month. Among this, gasoline prices rose 16.6%, with the increase expanding by 7.3 percentage points, driving energy price growth to widen from 4.1% last month to 7.3% this month. The prices of industrial consumer goods excluding energy rose 1.6%, with the increase falling back by 0.2 percentage point. Service prices rose 0.8%, with the same increase as the previous month. Food prices fell 1.7%, with the decline expanding by 0.3 percentage point from the previous month.

From a month-on-month perspective, in September, the national CPI rose 0.2%, with the increase falling back by 0.2 percentage point from the previous month. Among this, service prices turned from a 0.1% rise last month to a 0.2% decline; the prices of industrial consumer goods rose 0.7%, with the increase falling back by 0.1 percentage point from the previous month; food prices rose 0.4%, with the same increase as the previous month, 0.8 percentage point below the seasonal level.

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