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China's producer price index crushes expectations

Oct 16 , 2017

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.

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