Economic Buzz: China consumer prices drop in September

China?s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment.

The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, easing from the 0.4% drop in August.

Prices ticked up 0.1% month-on-month, a smaller than expected recovery compared to economists? forecast for 0.2% increase.

Core CPI, which strips out volatile food and energy prices, rose 1.0% from a year earlier, the highest since February 2024.

China?s producer price index dropped 2.3% from a year ago, official data showed. The deflation, however, eased for a second month, with price declines narrowing from 2.9% in August and 3.6% in July.

Among the categories that saw the biggest declines were food and energy, which saw prices fall 4.4% and 2.7%, respectively.

Industrial consumer goods, most notably gold and platinum jewelry prices soared 42.1% and 33.6% on the back of a global gold rush

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