Producer price inflation in China notched the slowest rise in five months in September, according to official figures, while the pace of producer price growth picked up despite a softer rise in pork prices.
The producer price index published by the National Bureau of Statistics decelerated to a year-on-year rise of 3.6 per cent last month, a drop of half a percentage point to the slowest pace since April. It was just above a median forecast of 3.5 per cent from economists polled by Reuters.
The bureau blamed high prices from a year ago for much of the dip, but the latest reading marks the third straight month of slowing producer price growth in China, although in month-on-month terms prices accelerated to a 0.6 per cent rise.
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