China's CPI rises 3% year-on-year in Sept

Time:2019-10-15 14:26:50      Source: chinadaily.com
China's consumer price index, a main gauge of inflation, rose by 3 percent year-on-year in September, versus 2.8 percent a month earlier, according to the National Bureau of Statistics on Tuesday.
 
The rise was mainly attributable to an 11.2 percent year-on-year rise in food prices last month, with pork prices soaring by 69.3 percent and pushing up the CPI by 1.65 percentage points, the NBS said. Poultry and egg prices rose by 14.7 percent and 9.4 percent year-on-year last month, respectively.
 
Fruit prices rose by 7.7 percent year-on-year in September, down by 16.3 percentage points from the growth in August, while vegetable prices went down 11.8 percent. 
 
Nonfood prices registered a mild rise of 1.0 percent year-on-year in September.
In the January-September period, the CPI on average rose by 2.5 percent year-on-year, below the 3 percent annual control target, NBS data showed.
 
Meanwhile, the producer price index, which gauges factory gate prices, dropped for the third month in a row by 1.2 percent year-on-year in September, the steepest contraction since July 2016, according to the NBS. The PPI declined by 0.8 percent in August.
 
During the January-September period, the average PPI remained unchanged from a year earlier.
 
On a month-on-month basis, the CPI rose by 0.9 percent, and the PPI edged up by 0.1 percent, the NBS said.
Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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