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China's September CPI up 1.6% on-year, PPI down 5.9%
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China's September CPI up 1.6% on-year, PPI down 5.9%
Oct 13, 2015 10:47 PM

China's consumer price index (CPI) rose 1.6 percent in September from a year earlier, against forecasts of a 1.8 percent rise from a Reuters poll and following August's 2 percent gain.

The producer price index (PPI) fell 5.9 percent, in line with expectations and after a 5.9 percent fall in the previous month.

The PPI, which measures wholesale prices, clocked its 43rd straight month of declines as overcapacity in a number of sectors coupled with a lack of demand kept a lid on prices.

The latest inflation numbers, which come on the heels of weak import data, reflect continued slack in the world's second largest economy. Imports tumbled by a worse-than-expected 20.4 percent in September, following a 13.8 percent slide in the previous month, data on Tuesday showed.

Inflation and trade data come days before the publication of China's highly anticipated third quarter GDP report on October 19. The economy is forecast to have slowed further in the July-September period, dipping below 7 percent and down from 7 percent growth in the first two quarters of the year.

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First Published:Oct 14, 2015 7:47 AM IST

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