China CPI Up 1.6%

China’s consumer inflation eased further in September while producer prices continued to fall, data on Wednesday showed.

Consumer prices rose 1.6 percent from the year-ago period, compared with the 1.7 percent gain forecast by Reuters and after climbing 2 percent in August.This remains below Beijing’s official target of 3.5 percent for the year.

Wholesale prices, meanwhile, dropped 1.8 percent, versus expectations of a 1.6 percent decline and after falling 1.2 percent in the month before.  Producer prices in China have been declining since February 2012, weighed by falling commodity prices, overcapacity and weakening demand.

CNBC

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