September PPI up 5.0% year-on-year, the biggest rise since June 2022; CPI up only 0.9%

On October 14, the National Bureau of Statistics released September data: the PPI rose 5.0% year-on-year, the largest increase since June 2022; the CPI rose only 0.9%, below market expectations, driven mainly by higher gasoline prices; the core CPI rose 1.0% year-on-year, unchanged from August. Reuters noted that weak domestic demand limits companies' ability to pass on costs.

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2026-10-14 23:14 · 10月14日国家统计局公布9月数据，PPI同比上涨5.0%创2022年6月以来最大涨幅，CPI仅涨0.9%低于预期，核心CPI持平，国内需求疲弱制约成本转嫁。

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This event September PPI up 5.0% year-on-year, the biggest rise since June 2022; CPI up only 0.9% 2026.10.14 · Reported

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Sayings · 2026-10-14 23:02 On October 14, the National Bureau of Statistics released September data. PPI rose 5.0% year-on-year, the biggest increase since June 2022, while CPI rose only 0.9%, below expectations, and core CPI was unchanged, with weak domestic demand constraining cost pass-through.

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