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China producer, consumer prices rise in September

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China producer, consumer prices rise in September

China's producer price index rose 6.9% in September from a year earlier, following a 6.3% increase in August. This marked the strongest gain since March, Reuters reported, citing data from the National Bureau of Statistics released Oct.16.

On a month-over-month basis, the PPI rose 1.0% in September.

Analysts expect producer prices will soften in the fourth quarter as overall demand moderates with economic growth, said Reuters.

China's consumer price index rose 1.6% year over year in September, following a reading of 1.8% in August, the statistics bureau.

Food prices, the biggest component of the CPI, fell 1.4% from a year earlier.

Core CPI increased to 2.3%, marking its fastest pace since 2011, Bloomberg News said.