China inflation hits seven-month high in September
BEIJING (AFP) - Chinese inflation hit a seven-month high of 3.1 per cent in September, data showed on Monday, with analysts warning further upward pressure on prices would restrict the government's options to boost the economy.
The rise in the consumer price index (CPI), a main gauge of inflation in the world's second-largest economy, was sharply up from the 2.6 per cent logged in August, according to the National Bureau of Statistics (NBS).
It was also ahead of expectations of 2.9 per cent in a poll by Dow Jones Newswires.
A spike in food prices was the main driver of the increase, and authorities blamed national holidays in late September and early October, along with floods and drought in some areas.