Inflation in China rises to 2.5% in September

Inflation in China rises to 2.5% in September

China's consumer price index (CPI), the main indicator of inflation, rose 2.5 percent year-on-year in September, an increase of two tenths over the previous month, the National Bureau of Statistics announced today ( ONE)

The rise was mainly driven by the evolution of the price of food, which if August had appreciated 1.7 percent year on year in September they did 3.6 percent.

Especially highlighted was the rise in the price of vegetables, of 14.6 percent, compared to the increase of 4.3 percent registered in August, and that of fresh fruits, of 10.2 percent compared to 5.5 percent.

In contrast, core inflation, which offers a better view of price trends by not incorporating the more volatile categories, food and energy, increased by 1.7 percent year on year compared to the 2 percent registered in August.

Another determining factor in the inflation of food products has been the outbreak of African swine fever registered in the country, which has reduced the supply of this basic food in the diet of China and has increased by 2.2 percent over the previous month. .

Meanwhile, the price of eggs increased by 6.2% year-on-year in September and that of beef, lamb and chicken by 3.8%, 11.1% and 4.4%, respectively.

The increase in food prices was driven mainly by seasonal factors and the extreme weather caused by typhoons, heavy rainfall and winds, said Luo Guoqing, a statistician at ONE.

On the other hand, the price of non-food products increased by 2.2%, three tenths less than in August, and it highlighted the increase in fuel prices (gasoline, 21% and diesel 23%), and the rise in prices in education and medical care (3.1% and 2.7%, respectively).

This institution also disclosed the production price index (PPI), which measures wholesale inflation and increased by 3.6% in September compared to the same month of the previous year, five tenths less than last month.

The Chinese government confirmed in April that it kept the inflation target at around 3% by 2018, a goal that was not reached last year, when the CPI rose by 1.6%.


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