Retail

China's CPI up 0.4% YoY, PPI down 2.8% YoY in Sept 2024: NBS

14 Oct '24

1 min read

China's CPI up 0.4% YoY, PPI down 2.8% YoY in Sept 2024: NBS

Pic: Adobe Stock

Insights

China's consumer price index (CPI) was up by 0.4 per cent YoY in September—lower from a 0.6-per cent YoY rise in August, official data show.
The September CPI remained unchanged compared to the previous month.
The producer price index, which measures costs for goods at the factory gate, went down by 2.8 per cent YoY in September.
On a monthly basis, it fell by 0.6 per cent in the month.

China’s consumer price index (CPI), a key measure of inflation, was up by 0.4 per cent year on year (YoY) in September this year—lower from a 0.6-per cent YoY rise in August, according to the National Bureau of Statistics (NBS).

The September CPI remained unchanged compared to the previous month, state-controlled media outlets reported.

Non-food prices were down by 0.2 per cent YoY, reversing a 0.2-per cent uptick in August. The decline in energy prices aggravated.

The producer price index (PPI), which measures costs for goods at the factory gate, went down by 2.8 per cent YoY in September. On a monthly basis, it fell by 0.6 per cent, narrowing from a 0.7-per cent decrease a month earlier, the NBS data showed.

The monthly PPI performances were attributed by the government to fluctuations in international commodity prices and insufficient effective demand in the domestic market.

From January to September this year, the average PPI decreased by 2 per cent from a year ago.

Fibre2Fashion News Desk (DS)

More Retail News - China...