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More on China CPI: Food prices push up inflation

  • On month, CPI +0.8% in September vs +0.5% expected and +0.5% in August.
  • The on-year figure of +3.1% was a seven month high but within the government's annual target of +3.5%. Droughts and floods in various regions helped to push food prices up 6.1%.
  • "September CPI inflation gained more momentum on seasonal factors and a low base effect from last year," says economist Li Huiyong. "But we think the inflation situation is still under well control and will not be a concern this year, especially when the economy is struggling with over-capacity problems."
  • ETFs - Stocks: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH
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