China Consumer Prices Rise In September

Chinese consumer prices increased in September. China's CPI surged 3.1% y/y in September, versus a 2.6% rise in August. However, economists were expecting the CPI to increase 2.9%. Food prices rose 6.1% y/y. China's producer price index dropped 1.3% y/y, versus a 1.6% fall in August. However, economists were projecting a 1.4% fall. On a monthly basis, the country's CPI surge 0.8%, while the PPI rose 0.2%.