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SCIO briefing on China's economy Q1-Q3

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Speakers:
Mao Shengyong, spokesperson of National Bureau of Statistics

Chairperson:
Hu Kaihong, spokesperson for the State Council Information Office of China

Date:
Oct. 19, 2018

Mao Shengyong:

6. The Consumer Price Index (CPI) saw mild growth, the Producer Price Index (PPI) rose steadily.

In the first three quarters, the national CPI rose 2.1 percent year-on-year, 0.1 percentage point higher than in the first half of the year. By category year-on-year, food, tobacco and liquor prices rose 1.6 percent, clothing prices 1.2 percent, residences 2.4 percent, household facilities, articles and services 1.6 percent, transport and communications 1.7 percent, education, culture and entertainment 2.2 percent, health care 5.0 percent, and other goods and services 1.1 percent. In September, the national CPI rose by 2.5 percent year-on-year, an increase of 0.2 percentage point over August, while the figure was up 0.7 percent month-on-month.

In the first three quarters, the national PPI rose 4.0 percent year-on-year, 0.1 percentage point higher the growth rate witnessed in the first half of the year. The national purchasing prices for industrial producers grew 4.5 percent year-on-year. In September, the PPI rose 3.6 percent year-on-year, 0.5 percentage point lower than the figure for August and the index rose 0.6 percent month-on-month. The national purchasing prices for industrial producers rose 4.2 percent year-on-year and 0.6 percent month-on-month.