China Posts 0.3 Percent Decline in September Consumer Prices
(MENAFN) China’s consumer prices fell by 0.3% year-on-year in September, according to data released Wednesday by the National Bureau of Statistics, signaling ongoing pressure on inflation in the world’s second-largest economy. On a monthly basis, consumer prices inched up by 0.1%, indicating only a slight short-term gain.
This marks a continuation of a downward trend, following August’s annual inflation rate, which also showed a contraction of 0.4%. The persistent negative headline inflation underscores challenges in reviving consumer demand amid cautious economic conditions.
However, the core inflation rate—which excludes typically volatile food and energy prices—rose to 1% in September. This increase marks the fifth consecutive monthly rise in core inflation and represents the most substantial gain since February 2024. The data suggests underlying price pressures are building despite overall consumer price declines.
These mixed signals from China’s inflation data will be closely monitored by policymakers and investors amid ongoing efforts to stimulate growth without stoking excessive price rises.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
