A measure of China's inflation slows for third straight month in September [CNBC]
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Source: CNBC
show chapters China 's consumer inflation in September rose 2.5 percent compared to a year ago and 0.7 percent higher than August, government data on Tuesday showed. Producer price inflation, however, cooled for the third straight month in September — an indication of slowing economic momentum amid escalating trade tensions with the U.S. Inflation in the world's second largest economy is now closely watched amid the trade fracas with the U.S. , which has already affected new orders in the Asian manufacturing giant. The producer price index for September was up 3.6 percent from a year ago, compared to a 4.1 percent increase in August, the National Bureau of Statistics reported. A poll by Reuters showed analysts were expecting PPI to up 3.5 percent compared to a year ago. The PPI rose to 0.6 percent higher compared to a month ago. The consumer price index (CPI) — a gauge of prices for goods and services — was in line with analyst expectations,
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