China’s consumer inflation cools in Sept, PPI deflation deepens

2024.10.12 22:14

BEIJING (Reuters) – China’s consumer inflation rate fell in September, while producer price deflation deepened, even as Beijing rolls out more stimulus measures in a bid to revive flagging demand and shaky economic activity.

The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National Bureau of Statistics (NBS) showed on Sunday, missing a 0.6% increase forecast in a Reuters poll of economists.

CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase.

The producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month and below an expected 2.5% decline.

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