China’s inflation was close to the slowest pace in two years in September and producer prices fell the most since 2009, indicating weakness in the world’s second- biggest economy even after an increase in exports.
The 1.9 percent increase in consumer prices from a year earlier, reported by the National Bureau of Statistics on its website today, matched the median estimate in a Bloomberg News survey of 34 analysts and was less than August’s 2 percent gain.
The central bank has held off on interest-rate cuts since July, focusing on money-market operations as the government seeks to sustain growth without inflating property bubbles. A report on gross domestic product on Oct. 18, forecast to show a deepening slowdown, will come ahead of a once-a-decade leadership handover in the Communist Party from next month.
via Bloomberg
