China’s inflation rate rose less than expected in September, with the consumer price index (CPI) rising 0.4% year-on-year, while producer price index (PPI) fell for the 24th straight month by 2.8% year-on-year in September.
According to the Chinese News Agency (Xinhua), China’s CPI rose amid a continued recovery in domestic demand, the Chinese National Bureau of Statistics (NBS) said on Sunday.
The CPI, a main gauge of inflation, was up 0.4% year-on-year in September, down from a 0.6% gain in August, Xinhua added.
China’s PPI, which measures costs for goods at the factory gate, went down 2.8% year on year in September, and 0.6% month-on-month.
Source: Qatar News Agency