Free Trial

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI (SYDNEY)

China's Consumer Price Index rose 0.4% y/y in September, decelerating from August's 0.6% and underperforming the 0.6% consensus, driven by the higher comparison base for the same period last year, data from the National Bureau of Statistics showed Sunday.

Food prices rose 3.3% y/y led by a 22.9% and 16.2% increase in vegetable and pork prices due to holiday factors, driving up CPI by 0.61 percentage points. Non-food prices fell 0.2%, driving down the headline figure by 0.19 pp. On a monthly basis, CPI rose 0.0%, moderating from August's 0.4%. 

Keep reading...Show less
143 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (SYDNEY)

China's Consumer Price Index rose 0.4% y/y in September, decelerating from August's 0.6% and underperforming the 0.6% consensus, driven by the higher comparison base for the same period last year, data from the National Bureau of Statistics showed Sunday.

Food prices rose 3.3% y/y led by a 22.9% and 16.2% increase in vegetable and pork prices due to holiday factors, driving up CPI by 0.61 percentage points. Non-food prices fell 0.2%, driving down the headline figure by 0.19 pp. On a monthly basis, CPI rose 0.0%, moderating from August's 0.4%. 

Keep reading...Show less