China’s CPI Increased 3.1% In September

In September, China’s consumer price index (CPI) went up by 3.1% year-on-year, according to China’s National Bureau of Statistics.

Consumer prices grew by 3% in cities and 3.3% in rural areas.

Food prices went up by 6.1%, while non-food prices increased by 1.6%.

The prices of consumer goods went up by 3.1% and the prices of services grew by 2.9%.

On average from January to September, the overall consumer prices were up by 2.5% over the same period of the previous year.

Producer Price Index (PPI) for manufactured goods decreased 1.3% year-on-year, and increased 0.2% month-on-month.

On average from January to September, the PPI decreased 2.1% year-on-year, the purchasing price index for manufactured goods went down by 2.2% year-on-year.

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