China's inflation eases to 6.1% in Sept
Updated: 2011-10-14 09:54
BEIJING -- China's consumer price index (CPI), a main gauge of inflation, rose 6.1 percent in September year-on-year, the National Bureau of Statistics (NBS) said Friday.
On a monthly basis, consumer prices rose 0.5 percent in September, said the NBS in a statement at its website.
In the first nine months of this year, China's CPI climbed 5.7 percent from the same period last year, up from 5.4 percent year-on-year in the first half, said the NBS.
Food prices, which account for nearly one third of the basket of goods in the nation's CPI calculation, was up 13.4 percent in September from a year earlier and 1.1 percent month-on-month, according to the NBS.
China's CPI hit a 37-month high of 6.5 percent in July this year, which was far above the Chinese government's full-year target of 4 percent for 2011.
September PPI rises 6.5% year-on-year
China's Producer Price Index (PPI), a major measure of inflation at the wholesale level, rose 6.5 percent in September year-on-year, the National Bureau of Statistics (NBS) said Friday.
September's PPI growth was lower than August's 7.3 percent increase, the NBS said in a statement on its website.
Producer purchase prices in September rose 10 percent year-on-year, and grew 0.1 percent from August, according to the NBS.
During the first nine months of this year, the country's PPI climbed seven percent from the same period last year and producer purchase prices rose 10.4 percent.
The producer prices of production materials rose 7.1 percent year-on-year in September, and declined 0.1 percent from August, the statement said.
September forex reserves top $3.2 trillion
The People's Bank of China, or the central bank, said Friday that China's foreign exchange reserves totaled $3.2017 trillion by the end of September.
China reports 470b yuan in Sept new loans
China's new yuan-denominated loans in September stood at 470 billion yuan ($73.7 billion), a drop of 131.1 billion yuan from the same month of last year, the central bank said Friday.
The figure brought the total new loans in the first nine months of this year to 5.68 trillion yuan, 597.7 billion yuan less than the same period last year, the PBOC, the country's central bank, said in a statement on its website.
By the end of September, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 13 percent year-on-year to 78.74 trillion yuan, the statement said.
The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, increased 8.9 percent year-on-year to 26.72 trillion yuan by the end of last month, the statement said.
It also said China's foreign exchange reserves totaled $3.2017 trillion by the end of September, compared with $3.1975 trillion by the end of June.
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