Chief Statistician Dong Lijuan of the National Bureau of Statistics Interprets September 2026 CPI and PPI Data

36Kr reports that in September, the resident consumer price index (CPI) rose 0.2% month-on-month, a slowdown of 0.2 percentage points from the previous month; it increased 0.9% year-on-year, an expansion of 0.1 percentage point from the prior month; core CPI excluding food and energy prices rose 1.0% year-on-year, matching the previous month's rate. The industrial producer price index (PPI) climbed 1.2% month-on-month, a jump of 0.8 percentage points from the prior month; it rose 5.0% year-on-year, an increase of 1.2 percentage points from the previous month. The CPI monthly growth rate slowed while its annual growth rate expanded; both PPI monthly and annual growth rates expanded.