{"id":629,"date":"2023-10-13T14:03:58","date_gmt":"2023-10-13T14:03:58","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/chinas-consumer-prices-remain-flat-in-september-below-expectations\/"},"modified":"2023-10-13T14:03:58","modified_gmt":"2023-10-13T14:03:58","slug":"chinas-consumer-prices-remain-flat-in-september-below-expectations","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=629","title":{"rendered":"China\u2019s consumer prices remain flat in September, below expectations"},"content":{"rendered":"
\n

China\u2019s headline inflation was flat in September, weighed by a steep drop in pork and vegetable prices as well as high base effects.<\/p>\n

The consumer price index was flat on year, compared with a 0.1% rise in August, the National Bureau of Statistics said on Friday.<\/p>\n

The reading was below the 0.2% increase tipped by economists in a Wall Street Journal poll.<\/p>\n

\n

Food prices fell 3.2% on year in September, compared with a 1.7% decline in August. The statistics bureau said the food price and headline CPI readings were dwarfed by high bases a year earlier. Prices of pork and fresh vegetables widened their falls, dropping 22.0% and 6.4% on year respectively in September, accounting for nearly 90% of the decline in overall food prices, the bureau said.<\/p>\n

Non-food prices rose 0.7% from a year earlier in September, compared with a 0.5% increase in August.<\/p>\n

China\u2019s core CPI, which excludes volatile food and energy prices, rose 0.8% on year in September, staying at the same level for a third month.<\/p>\n

On a monthly basis, China\u2019s CPI increased 0.2% in September, compared with August\u2019s 0.3% growth.<\/p>\n

Meanwhile, producer prices stayed in deflation but declined at a slower pace.<\/p>\n

China\u2019s producer price index, which gauges the price of goods sold by manufacturers, fell 2.5% on year in September compared with August\u2019s 3.0% drop. In the WSJ survey, economists had projected a decline of 2.4%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s headline inflation was flat in September, weighed by a steep drop in pork and vegetable prices as well as high base effects. The consumer price index was flat on year, compared with a 0.1% rise in August, the National Bureau of Statistics said on Friday. The reading was below the 0.2% increase tipped by economists in a Wall Street Journal poll. Food prices fell 3.2% on year in September, compared with a 1.7% decline in August. The statistics bureau said the food price and headline CPI readings were dwarfed by high bases a year earlier. Prices of pork and<\/p>\n","protected":false},"author":1,"featured_media":322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nChina\u2019s consumer prices remain flat in September, below expectations | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"China\u2019s headline inflation was flat in September, weighed by a steep drop in pork and vegetable prices as well as high base effects. 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