China's inflation eases to 6.1% in September

CHINA'S consumer price index (CPI), a main gauge of inflation, eased slightly to 6.1 percent year-on-year in September from 6.2 percent in August, the National Bureau of Statistics (NBS) said today.

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 year, China's CPI climbed 5.7 percent from the same period last year, up from 5.4 percent year-on-year in the first half, said the NBS.

Food prices, which account for nearly one third of the basket of goods in the nation's CPI calculation, was up 13.4 percent in September from a year earlier and 1.1 percent month-on-month, according to the NBS.

China's CPI hit a 37-month high of 6.5 percent in July this year, which was far above the Chinese government's full-year target of 4 percent for 2011.

China's Producer Price Index (PPI), a major measure of inflation at the wholesale level, rose 6.5 percent in September year-on-year, down from 7.3 percent in August.

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