China's consumer price index (CPI), a main gauge of inflation, rose 3.1 percent year on year in September, up from 2.6 percent in August and it's a little more than expected. But most insiders believe that the this year's inflation is under control.
In the first nine months, CPI growth stood at 2.5 percent on average, well below the government's full-year target of 3.5 percent.
Last month, food prices rose 6.1 percent year on year, while prices of non-food products moved up 1.6 percent, according to the NBS.
The NBS data also showed China's producer price index, which measures inflation at the wholesale level, fell 1.3 percent in September from a year ago.
Premier predicted days ago that China's GDP in the first three quaters would increase by 7.5%. It is likely to realize the goal of economy and society development. He said that, supported by the reform of real economy, China's economy rebounds in the recent months, including the increasing generating capacity, enterprises' profits and government revenue .
Written by Nicolas Yang
