20:01
All In One's Blog
China's inflation rate in Mean Condition further in September 2011
Consumer prices rose 6.1% last month, compared with the same month last year, the National Bureau of Statistics said.
That is down from 6.2% in August and from 6.5% in July, a three-year high.
The government had put policy tightening on hold as the eurozone and US debt crises threatened global growth.
Previously though, Chinese authorities had introduced a slew of measures to cool prices, lifting interest rates five times, and bank reserve requirements nine times since 2010.
Some analysts said Friday's slight dip reinforced views that inflation is on a downward trend.
"This confirms that inflation peaked in July," said Chi Sun, an economist with Nomura in Hong Kong.
"Policy will be on hold. We think inflation will slow down gradually in the coming months."
On Thursday, the International Monetary Fund (IMF) warned that inflation in some Asian countries is still too high. But it added that consumer prices could ease after peaking this year. Read more
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