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China Inflation September 2022

China: Consumer price inflation rises in September; producer price inflation falls

Consumer inflation increased to 2.8% in September, following August’s 2.5%. September’s reading was the highest inflation rate since April 2020, and was driven by sharp rises in food—particularly of pork—and fuel prices. In contrast, rental prices fell amid the housing market downturn.

Annual average inflation ticked up to 1.9% in September (August: 1.8%). Meanwhile, producer price inflation fell to 0.9% in September, from August’s 2.3%, on the back of declines in international commodity prices.

Finally, consumer prices increased 0.30% in September over the previous month, contrasting the 0.10% drop logged in August.

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