Saturday, October 15, 2011

China's inflation eases to 6.1% in Sept

中国称九月份居民消费价格指数(CPI)上涨6.1%,通货膨胀速度为放缓.
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 yearChina's CPI climbed 5.7 percent from the same period lastyearup from 5.4 percent year-on-year in the first halfsaid the NBS.
Food priceswhich account for nearly one third of the basket of goods in the nation's CPIcalculationwas up 13.4 percent in September from a year earlier and 1.1 percent month-on-monthaccording to the NBS.
China's CPI hit a 37-month high of 6.5 percent in July this yearwhich was far above theChinese 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 levelrose 6.5percent in September year-on-yearthe National Bureau of Statistics (NBSsaid Friday.
September's PPI growth was lower than August's 7.3 percent increasethe NBS said in astatement on its website.
Producer purchase prices in September rose 10 percent year-on-yearand grew 0.1 percentfrom Augustaccording to the NBS.
During the first nine months of this yearthe country's PPI climbed seven percent from thesame 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 Septemberanddeclined 0.1 percent from Augustthe statement said.
September forex reserves top $3.2 trillion
The People's Bank of Chinaor the central banksaid Friday that China's foreign exchangereserves 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), adrop of 131.1 billion yuan from the same month of last yearthe 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 yearthe PBOCthe country's central bank,said in a statement on its website.
By the end of Septemberthe outstanding broad money supply (M2), which covers cash incirculation and all depositsrose 13 percent year-on-year to 78.74 trillion yuanthe statementsaid.
The narrow measure of money supply (M1), which covers cash in circulation plus demanddepositsincreased 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.