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China's consumer price index (CPI) rose year-on-year and ring-on-year in September as the Mid-Autumn Festival and National Day boosted food prices. Analysts generally believe that although the CPI has maintained a rising trend, but in the context of economic downturn pressure is still large, domestic demand is not strong, imported price pressure is difficult to sustain, follow-up CPI and PPI are expected to show a downward trend.
Cereals in Jenny Lu, a boutique supermarket in Beijing, June 29, 2018. REUTERS/Jason Lee
China's consumer price index (CPI) rose 2.5% in September from a year earlier, in line with the median forecast of a Reuters survey, with food prices up 3.6% and non-food prices up 2.2%, the National Bureau of Statistics said on Tuesday.
The data also showed that the industrial producer ex-factory price index (PPI) rose 3.6% in September from a year earlier, a low since April this year, slightly higher than the Reuters median forecast of 3.5%, and the PPI rose 0.6%.
In September, CPI rose 0.7%, and the Reuters survey estimated a median increase of 0.7%.
September detailed data:
--CPI rose 2.5% over the same period (the median of Reuters survey rose 2.5%).
--PPI rose 3.6% over the same period (the median of Reuters survey rose 3.5%).
--CPI rose 0.7% (Reuters survey median 0.7%), PPI rose 0.6%
Food prices in --CPI rose 3.6% compared to the same period last year, and non food prices rose 2.2% over the same period last year.


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