China 2024-05-15T05:31:42+03:00
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China's consumer prices up 2.8% in September

China's consumer prices up 2.8% in September

economics, China, inflation, PRC, Statistic, Food prices, consumer price index
Customers shop at a supermarket in Dingxi, Gansu province. Photo by Xinhua.
Customers shop at a supermarket in Dingxi, Gansu province. Photo by Xinhua.

China's consumer price index (CPI), a main gauge of inflation, rose 2.8% year on year in September, the National Bureau of Statistics said. This was reported by The Xinhua News Agency.

On a monthly basis, September's CPI remained generally stable, reversing the 0.1% decline in August to inch up 0.3%.

Senior NBS statistician Dong Lijuan attributed the stable CPI performance to continuous efforts to coordinate COVID-19 prevention and control with economic and social development, as well as measures to ensure sufficient supply and stable prices.

Food prices went up 1.9% month on month, which raised the monthly consumer inflation by about 0.35 percentage points, according to the data.

Specifically, the price of fresh vegetables gained 6.8% month on month in September due to high temperatures and dry weather.

Driven by rising demand during the holiday season, the price of eggs and fresh fruits jumped by 6% and 1.3% from August, respectively.

Non-food prices rose 1.5% from a year ago, lifting the yearly consumer inflation by about 1.21 percentage points.

The prices of gasoline and diesel logged moderated year-on-year growth of 19.2% and 21%, respectively.

Friday's data also showed that China's producer price index, which measures costs for goods at the factory gate, went up 0.9% year on year in September.

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