The consumer price index (CPI), China’s main inflation indicator, rose 0.4 percent year-on-year in September, down 0.2 points from the month’s figure. previous one which was 0.6%.
The indicator, published this Sunday by the National Statistics Office (ONE) of the Asian countryis also below the most widespread forecasts among analysts, which they expected it to stay precisely at the same level as in August.
On a monthly basis, prices slowed for the third consecutive month, from an increase of 0.4% in August to sees no percentage change in September. Once again, experts predict that they will experience the same rebound as the previous month.
ONE statistician Dong Lijuan highlights both the decline in international crude oil prices and tourism-related services -including plane or hotel tickets- after the end of summer, offset by food, education or clothing.
THE core inflationa measure that excludes food and energy prices due to their volatility, rose just 0.1% year-on-year in September after rising 0.3% the previous month.
ONE also made public the producer price index (IPP), which measures industrial prices and which accentuated its decline from 1.8% year-on-year in August to 2.8% in the ninth month of the year.
This indicator is also below expectations. by experts, who anticipated a larger but less profound drop in September, placing it approximately 2.5%.
After two consecutive years of decline, the ONE continues to point towards an environment marked by a “insufficient effective demand” on the national market or the downward trend in the price of certain raw materials internationally.
