Chinese Inflation Up to 3.1% in September


In September, China's consumer prices rose by 3.1 percent year-on-year, up from 2.6 percent in August. Food prices provided again the biggest upward pressure on the overall index, driving inflation to a 7-month high.

Food prices went up by 6.1 percent year-on-year, affecting nearly 1.98 percentage points increase in the overall price level. Of which, the prices of fresh vegetables went up by 18.9 percent, affecting nearly 0.55 percentage point increase in the overall price level.

Prices for clothing rose by 2.3 percent year-on-year and prices for household facilities, articles and maintenance services went up by 1.4 percent. Health care costs grew by 1.1 percent year-on-year and prices for transportation and communication decreased 0.2 percent. Prices for residence went up by 2.6 percent year-on-year.

Consumer goods costs were up by 3.1 percent while those of services rose 2.9 percent. The prices grew by 3.0 percent in cities and 3.3 percent in rural areas. On a monthly basis, consumer prices were up 0.8 percent.

Chinese Inflation Up to 3.1% in September


National Bureau of Statistics | Nuno Fontes | nuno@tradingeconomics.com
10/14/2013 9:51:52 AM