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
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.