facebook
twitter
rss
account
search
search
 

Consumer prices creep higher in China

Nov. 9, 2013 at 11:28 AM   |   Comments

BEIJING, Nov. 9 (UPI) -- China's National Bureau of Statistics said the annual rate of inflation rose to 3.2 percent in October, up one tick from September's 3.1 percent.

The inflation rate is creeping up closer to the top end of the government's target rate of 3.5 percent or lower, China's officials Xinhua News Agency reported Saturday.

NBS attributed the higher rate to food price inflation, which stalled in September but picked up again in October, rising 0.3 percent.

Wholesale prices dropped 1.5 percent from the previous October, NBS said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian bank boss feeling sanctions pain Russian bank boss feeling sanctions pain
2
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
3
No means yes for Scotland, energy companies say No means yes for Scotland, energy companies say
4
API: Oil imports at historic low API: Oil imports at historic low
5
World banks: All financial hands on climate deck World banks: All financial hands on climate deck
Trending News
Video
x
Feedback