Food Engineering

China's consumer inflation rises with higher food prices

Some analysts expect a further sharp rise after September's inflation rate came in at 3.1 percent.

October 14, 2013

Inflation rises in China on higher food prices

China's consumer inflation rate rose to 3.1 percent in September, representing a seven-month high, as poor weather drove up food prices. Food prices increased 1.5 percent in September from August as a result of droughts and floods, according to Yu Qiumei at China's National  Bureau of Labor Statistics. More unexpected was a .3 percent drop in exports for September, instead of an anticipated 6 percent increase. Producer prices rose .2 percent, providing some relief for manufacturers.