China's consumer price index rose 1.6 percent in September from a year ago, meeting expectations, data from the National Bureau of Statistics showed on Monday. Meanwhile, the producer price index jumped 6.9 percent in September from a year ago, which topped expectations. This was spurred by a year-long drive in construction spending that includes government-led infrastructure investment.According to a Reuters poll , China's Consumer Price Index was forecast to rise 1.6 percent in September from a year ago. August CPI was 1.8 percent. The Producer Price Index was predicted to have risen 6.3 percent in September from a year ago, steady from August, according to Reuters. China is releasing inflation data on Monday morning ahead of a key leadership meeting in the capital city of Beijing later in the week. China's consumer price index rose 1.6 percent in September from a year ago, meeting expectations, data from the National Bureau of Statistics showed on Monday. Meanwhile, the producer price index jumped 6.9 percent in September from a year ago, which topped expectations. This was spurred by a year-long drive in construction spending that includes government-led infrastructure investment. According to a Reuters poll , China's Consumer Price Index was forecast to rise 1.6 percent in September from a year ago. August CPI was 1.8 percent. The Producer Price Index was predicted to have risen 6.3 percent in September from a year ago, steady from August, according to Reuters. China is releasing inflation data on Monday morning ahead of a key leadership meeting in the capital city of Beijing later in the week.
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