China September CPI has narrowed from rising to PPI from a rising to PPI

China National Bureau of Statistics released data on Friday (October 13). China's September CPI rose from 0.1%last month to flat, and PPI decreased to -2.5%.

In September, the National Resident Consumption Price Index (CPI) increased by 0.2%year -on -year, up 0.2%month -on -month, and increased by 0.1 percentage points from last month.In September, the national industrial producer's factory price index (PPI) decreased by 2.5%year -on -year, an increase of 0.4%month -on -month, an increase of 0.2 percentage points from the previous month.

Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics of China, explained that in September 2023, the CPI operation was stable, the PPI declined year -on -year, and the month -on -month increased.

In terms of divided areas, the cpi cpi in September rose 0.1%year -on -year, and rural declines decreased by 0.3%; food prices fell by 3.2%, non -food prices rose 0.7%; consumer goods prices fell by 0.9%, service prices rose 1.3%by 1.3%Essence

Food prices decreased by 3.2%, a decrease of 1.5 percentage points from the previous month, mainly because the comparative price of food in the same period last year has risen, affecting the decrease of CPI by about 0.60 percentage points.

In food, the prices of pork and fresh vegetables decreased by 22.0%and 6.4%, respectively, and the decline expanded by 4.1 and 3.1 percentage points, respectively. The total affects the decrease of CPI by about 0.51 percentage points, accounting for nearly 90%of the total food price;The prices of lamb and edible oils decreased by 5.1%and 3.1%, respectively, and the declines were expanded; the prices of aquatic products and fresh fruits rose from rising, down 1.5%and 0.3%, respectively.

CPI, in September, due to the gradual recovery of industrial products and the continued rise in international crude oil prices, the PPI increased from the previous month and narrowed the year -on -year decrease.Among them, the price of production data decreased by 3.0%, a narrowing of 0.7 percentage points; the price of living data decreased by 0.3%, and the decrease of 0.1 percentage points was expanded.

From the perspective of the month, PPI rose 0.4%, an increase of 0.2 percentage points from the previous month.Among them, the price of production materials rose by 0.5%, and the increase expanded by 0.2 percentage points; the price of living data rose 0.1%, the increase was the same as last month.