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.


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