China's September Inflation at 4.6%

China's statistical bureau says the country's inflation rate fell to 4.6 percent in September, its lowest level in 15 months.
TradingEconomics.com, The Associate Press
10/20/2008 5:59:53 AM

Analysts say the continued decline in the inflation rate, which compared with a 4.9 percent increase in August, will give the government more leeway in spending and boosting lending to help rev up the slowing economy.

China has made fighting politically sensitive inflation a priority in recent years. But declining food prices have helped bring the consumer price index down from a peak of 8.7 percent in February.


China