China’s CPI Up 1.6%; PPI Declines 5.9% In September

China’s consumer price index (CPI) moderated to 1.6% year-on-year increase in September, down from 2.0% in August, due to a high base for comparison and a moderation in food inflation.

Producer price index (PPI) declined 5.9% year-on-year in September, unchanged from August, reflecting weak domestic demand and soft global commodity prices.

"The PPI remains negative and price pressure continues to trend down. As economic activities and business outlook head south, banks are still reluctant to extend credit to the real sector," says a research report by ANZ.

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