Off the wire
• 1st LD: Suicide bomber kills at least 5 in second attack in Iraq's Baghdad  • China extends currency swap deal with EU  • Top news items in major Nigerian media outlets  • Urgent: Suicide bomber kills at least 5 in second attack in Iraq's Baghdad  • Top news items in major Zambian media outlets  • Major construction of world's longest cross-sea bridge completed  • Top news items in major S. African media outlets  • Top news items in major Kenyan media outlets  • Australia-China cultural dialogue launched in Adelaide  • Spring Summer 2017 Fashion Week to take place in Hanoi  
You are here: 　 Home

China September inflation forecast at 1.6 pct

Xinhua, September 27, 2016 Adjust font size:

China's Consumer Price Index (CPI) in September is likely to increase 1.6 percent year on year, higher than 1.3 percent in August, an industry report said on Tuesday.

The official CPI for September is due to be released by the National Bureau of Statistics (NBS) on Oct.14.

The Bank of Communications (BOC) said in a report that the expected rise is due to food prices, which account for around one-third of the CPI calculation.

Food prices will post an increase of between 1.9 and 2.4 percent year on year in September, with prices of vegetables, eggs and meat all increasing, said the report.

BOC expects the CPI to remain stable throughout the remainder of the year, but will see temporary increases in October and November as the National Day holidays in October will push up food prices.

China's CPI grew 1.3 percent year on year in August, down from July's 1.8 percent, according to the NBS.

The August data dropped for the fourth-consecutive month from 2.3 percent in April, when the CPI reached its highest level since July 2014. Endi