China's Sept PPI lifts 3.6 percent y/y, just above f'cast; CPI rise 2.5 percent y/y

China's producer price index (PPI) rose 3.6 percent year-on-year in September, slowing from the previous month's 4.1 percent gain, the National Bureau of Statistics (NBS) said on Tuesday.

Devdiscourse News Desk | Updated: 16-10-2018 08:04 IST | Created: 16-10-2018 07:18 IST

China's Sept PPI lifts 3.6 percent y/y, just above f'cast; CPI rise 2.5 percent y/y — That was bang in line with expectations, though slightly up from August's 2.3 per cent gain. (Image Credit: Twitter)

Country:
China

China's producer price index (PPI) rose 3.6 per cent year-on-year in September, slowing from the previous month's 4.1 per cent gain, the National Bureau of Statistics (NBS) said on Tuesday.

Analysts polled by Reuters had expected producer inflation would cool again to a 3.5 per cent rate last month amid slackening economic momentum and an escalating trade conflict with the United States.

The consumer price index (CPI)- a gauge of prices of goods and services- increased 2.5 per cent in September compared with a year earlier, which is still within policymaker's comfort zone of the 3 per cent annual target.

That was bang in line with expectations, though slightly up from August's 2.3 per cent gain.

(With inputs from agencies.)