China's Inflation

Written by NCO
Monday, 17 October 2011 11:12

New numbers from China's National Bureau of Statistics shows that China's Consumer Price Index (CPI) and Producer Price Index (PPI), both influential to inflation, have risen 6.1 and 6.5 percent this past September. The increase however is lower than last month, where PPI grew by 7.3 percent. Likewise the Producer Purchase Price (PPP) grew by 10 percent in September. 

From 1994 until 2010, the average inflation rate in China has been 4.25 percent. Inflation reached a historical 27.70 percent in October of 1994, and a record low of -2.20 percent in March of 1999.

Currently Europe's inflation is around 0.5 percent, macroeconomically speaking 2 percent being a healthy inflation rate, Europe falls far below while China towers ahead.