China's CPI rises 3%, PPI down 1.2% in September
Updated 19:16, 15-Oct-2019
CGTN
01:44

China's consumer price index (CPI), a main gauge of inflation, rose 3.0 percent year-on-year in September, the National Bureau of Statistics (NBS) reported on Tuesday.

The CPI in urban areas and the countryside rose 2.8 percent and 3.6 percent respectively.

Overall food prices climbed 11.2 percent year-on-year. Pork prices rose by 69.3 percent, rising at a pace that was 22.6 percentage points higher than the previous month, affecting the overall CPI index by about 1.65 percentage points. The price of beef, lamb, chicken, duck and eggs rose within the range of 9.4 percentage points to 18.8 percentage points. The price of fresh fruit rose by 7.7 percent, whereas the price of vegetables dropped 2.4 percent.

Non-food prices gained one percent.

From January to September, China's CPI increased by 2.5 percent over the same period last year.

China's producer price index (PPI), which measures costs for goods at the factory gate, dropped by 1.2 percent year-on-year in September, according to the NBS.

The drop in the reading followed a 0.8 percent decline in August. On a monthly basis, September's PPI rose 0.1 percent, bucking the trend of the 0.1 percent drop in August.

The price of production materials decreased by 2.0 percent year-on-year, a decrease of 0.7 percentage points over the previous month, affecting the overall PPI index by about 1.52 percentage points.