China's CPI up 0.4% YoY, PPI down 2.8% YoY in Sept 2024: NBS

The September CPI remained unchanged compared to the previous month, state-controlled media outlets reported.

Non-food prices were down by 0.2 per cent YoY, reversing a 0.2-per cent uptick in August. The decline in energy prices aggravated.

The producer price index (PPI), which measures costs for goods at the factory gate, went down by 2.8 per cent YoY in September. On a monthly basis, it fell by 0.6 per cent, narrowing from a 0.7-per cent decrease a month earlier, the NBS data showed.

The monthly PPI performances were attributed by the government to fluctuations in international commodity prices and insufficient effective demand in the domestic market.

From January to September this year, the average PPI decreased by 2 per cent from a year ago.

ALCHEMPro News Desk (DS)