China’s September PPI slumps 3.6%

17 january 2013

BEIJING — China’s producer price index, which measures inflation at the wholesale level, dropped 3.6 percent year on year in September, compared with a 3.5 percent decline in August, the National Bureau of Statistics said Monday.

The figure compares with a 3.5 percent decline in August and marks the seventh straight month of decline. China’s PPI dropped in March for the first time since December 2009.

On a month-on-month basis, the PPI moved down 0.1 percent in September, according to the NBS.