China inflation extends into September, CPI up by 6.1% year on year
14 October 2011 06:25 [Source: ICIS news]
GUANGZHOU (ICIS)--?xml:namespace>China’s inflation remained high in September with the country’s consumer price index (CPI) growing by 6.1% year on year during the month, official statistics showed on Friday.
China’s food prices increased by 13.4% year on year, the highest rise among all products, according to data released by the National Bureau of Statistics (NBS).
The country’s producer price index (PPI), which is a measure of wholesale prices, increased by 6.5% year on year in September, the NBS said.
The producers’ PPI increased by 10% year on year in September, while that of raw chemicals and fuel increased by 12.7% and 12.3%, respectively.
However, the figures for September narrowed from previous months, NBS said.
China’s CPI was at 6.2% in August and 6.5% in July, while the country’s PPI in August and July was at7.3% and 7.5%, respectively.
Inflation in China is expected to ease further in coming months in line with tight monetary policies, analysts said. By: Fanny Zhang+65 6780 4359
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