China CPI Inflation In September At 3.6%; China PPI Inflation In September At 4.3%
(For September 2010)
China Consumer Price Index was up 3.6% in September, again right at the consensus. August reading was at 3.5%. China Producer Price Index was up 4.3% in September, same as in August. Consensus was at 4.1%.
Again, most of the consumer price increase came from food. Both of the inflation measures rose significantly on m-o-m level, which is the likely reason for rise in the benchmark interest rate.
Chart 1. Consumer & Producer Price Indexes
December 10th, 2011 at 10:50 pm
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