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China consumer prices drop more than expected in September, staying in deflationary territory
China’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment. The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper decline than economists’ forecast of a 0.2% slide. Prices ticked up 0.1% month-on-month. China’s producer price index dropped 2.3% from a year ago, in line with economists’ forecast.
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