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China's inflation slows in September

Christian Fernsby ▼ | October 15, 2020
China's consumer price growth slowed in September on easing food price inflation and producer prices continued to ease, data from the National Bureau of Statistics showed Thursday.
China coal
China   Consumer prices advanced 1.7 percent
Consumer prices advanced 1.7 percent on a yearly basis in September, slower than the 2.4 percent increase seen in August. This was also slower than the economists' forecast of 1.8 percent.

Topics: China

At the same time, core inflation, which excludes food and energy prices, held steady at 0.5 percent in September.

Driven by a slowdown in pork price inflation, food prices grew 7.9 percent following 11.2 percent rise in August. Pork prices grew 25.5 percent but much slower than the 52.6 percent increase logged in the previous month.

On a monthly basis, consumer prices gained 0.2 percent versus a 0.4 percent rise a month ago.

Another report from NBS showed that producer prices were down 2.1 percent annually after easing 2 percent in August. Economists had forecast an annual decrease of 1.8 percent.