China’s consumer inflation cools in September, PPI deflation deepens

China’s consumer inflation cools in September, PPI deflation deepens


China’s consumer inflation rate fell in September, while producer price deflation deepened, even as Beijing rolls out more stimulus measures in a bid to revive flagging demand and shaky economic activity.

The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National Bureau of Statistics (NBS) showed on Sunday, missing a 0.6% increase forecast in a Reuters poll of economists.

CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase.

The producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month and below an expected 2.5% decline.



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