The Wall Street Journal reports on the Chinese CPI resut for September today (post is here with data)
Says the Journal:
- Food prices eased, reflecting continued weak domestic demand
- Putting pressure on Beijing for more steps to rekindle the economy
- More fiscal and monetary stimulus is needed for China to reach its growth target of about 7% this year, economists said
- "Disinflation has continued in China for a long time. They definitely need to increase their easing efforts and not just on the monetary side," said BBVA Research economist Xia Le. "They need to increase fiscal spending too."
The Journal also notes that (bolding mine):
- A high-base comparison with year-earlier figures and nearly flat pork prices after a series of sharp monthly increases over the summer helped reduce consumer inflation
