China inflation extends into September, CPI up by 6.1% year on year

14 October 2011 06:25  [Source: ICIS news]

GUANGZHOU (ICIS)--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
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