Prices at the factory gate in China showed their first increase since 2012. Photo: Reuters
Prices at the factory gate in China showed their first increase since 2012. Photo: Reuters

Consumer prices rise at fastest pace since June

CPI increase together with first gain in factory-gate prices since 2012 bring some positive news for global economy

October 14, 2016 11:12 AM (UTC+8)

Chinese consumer prices rose at their fastest pace in four months in September, beating analysts’ expectations and helping to ease concerns about the health of the world’s second-largest economy following weak export data yesterday.

CPI jumped 1.9%, against the 1.6% expected by analysts. The increase reversed a five-month trend of slowing price gains that saw the index drop from 2.3% in April to 1.3% in August.

China’s producer prices also rose, with factory-gate prices turning positive for the first time in almost five years.

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