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    14.10.2015 08:27 Chinese consumer price index rises at annual rate of 1.6% in September

    The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Wednesday. The Chinese consumer price index (CPI) rose at annual rate of 1.6% in September, missing expectations for a 1.8% increase, after a 2.0% gain in August.



    The inflation was driven by a rise in food prices. Food prices rose at an annual rate of 2.7% in September, while non-food prices increased 1.0%.



    On a monthly basis, consumer price inflation increased 0.1% in September, after a 0.5% rise in August.



    The Chinese producer price index (PPI) dropped 5.9% in September, in line with expectations, after a 5.9% decline in August. It was the biggest decline since 2009.

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