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China's CPI falls 1.1% in first nine months, PPI down 6.5%

(Xinhua)
Updated: 2009-10-22 11:37

China's consumer price index (CPI), a main gauge of inflation, dipped 1.1 percent year-on-year in the first nine months of this year, the National Bureau of Statistics (NBS) said Thursday.

The September CPI was up 0.4 percent over the previous month.

Related readings:  NBS issues China's key economic data for Aug  China's August CPI falls 1.2%, PPI falls 7.9%  China leads world toward recovery

However, the NBS did not provide the reading of September CPI on an annual basis. CPI declined 1.2 percent in August from a year earlier, the seventh consecutive month of decline since the index dropped 1.6 percent in February, the first fall since October 2002.

The producer price index (PPI), a major measurement of inflation at the wholesale level, dropped 6.5 percent year-on-year in the first three quarters of this year, the NBS said.

The September PPI rose 0.6 percent from a month earlier.