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China’s inflation eases

By IANS,

Beijing : China’s Consumer Price Index (CPI), the main gauge of inflation, grew 1.9 percent year on year in September, the National Bureau of Statistics (NBS) announced Monday.

The inflation eased from 2 percent registered in August, reported Xinhua.

On a month-on-month basis, September’s CPI grew 0.3 percent from the previous month, according to the data released by the NBS.

Food prices, which account for nearly one-third of the weightage in the calculation of China’s CPI, rose 2.5 percent last month from one year earlier, which was down from the 3.4-percent increase in August.