Investing.com - China's consumer prices saw no change in September, with the persistent deflationary pressure and weak domestic demand continuing to overshadow signs of economic recovery. According to the National Bureau of Statistics, the consumer price index (CPI) remained flat year-on-year in September, compared to a 0.1% increase in August.
China's consumer prices saw no change in September, with the persistent deflationary pressure and weak domestic demand continuing to overshadow signs of economic recovery. According to the National Bureau of Statistics, the consumer price index (CPI) remained flat year-on-year in September, compared to a 0.1% increase in August and below analyst expectations of 0.2%.
However, producer price index data came in at -2.5%, declining for the twelfth month and at a greater rate than the 2.4% expected.
Despite the stagnant CPI and falling PPI, China's manufacturing activities have shown signs of rebounding. The official purchasing managers' index for September indicated an expansion for the first time in six months. The travel and catering sectors also saw a significant recovery following the lifting of coronavirus restrictions in January.