Friday, December 03, 2021

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China’s inflation rises 0.7 percent in September

China’s inflation rises 0.7 percent in September

Beijing, Oct 14 (Prensa Latina) China's inflation closed September with a rise of 0.7 percent year-on-year and thus, the downward trend shown in previous months continued, the National Bureau of Statistics informed on Thursday.
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This entity stated that food prices dropped 5.2 percent and was a key factor in the behavior of the consumer price index.

It highlighted in that aspect the 46.9-point drop of the coveted pork, which rose for 20 consecutive months after African swine flu spread in August 2019.

Meanwhile, wholesale inflation in the industrial sector grew by 10.7 percent, it was the largest increase in 25 years and it was triggered by higher energy prices.

China recorded an inflation rate above five points in early 2020 due to the Covid-19 outbreak and the extension of the Lunar New Year holidays.

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