Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Specialist Retailers
Food, Drinks & Grocery Retailers
Return to: RBR Home | Specialist Retailers | Food, Drinks & Grocery Retailers

China posts surge in consumer inflation

Published 14 October 2013

Consumer inflation in China witnessed a surge, with the consumer price index rising 3.1% on year in September 2013, which is faster than a 2.6% rise in August, as per data from the National Bureau of Statistics.

The CPI rose 0.8% on month in September from 0.5% in August.

The 3.1% increase in the CPI was driven by higher food prices, reflecting typhoon damage as well as seasonal demand ahead of the National Day and the Mid-Autumn festival.

The overall inflation rate rose 6.1% from the year-earlier month, with fresh vegetables driving the prices by up to 18.9%, reported the National Bureau of Statistics.

Officials say that the CPI is expected to stay high for the next few months, but ruled out the possibility of any response from the government.

Meanwhile, the country's producer price index fell 1.3% on year in September, slower than a 1.6% decline in August.