Bloomberg (14/10) -- China’s consumer prices rose more than estimated in
September, while a decline in factory-gate prices eased, National
Bureau of Statistics data released today in Beijing showed.The
consumer price index rose 3.1 percent from a year earlier, the bureau
said. That exceeded the 2.8 percent median estimate of 44 analysts
surveyed by Bloomberg News and compared with a 2.6 percent gain in
August.Producer prices fell 1.3 percent from a year earlier. The
median projection of analysts was for a decline of 1.4 percent after a
1.6 percent drop the previous month.Policy makers are seeking to
keep the consumer inflation rate within about 3.5 percent this year.
Premier Li Keqiang said last month that the nation is trying to keep
economic growth within a “lower limit” to ensure job creation and an
“upper limit” to avert inflation, as the government strives to ensure a
rebound from a two-quarter slowdown.
