ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China inflation rate climbs at quickest pace in over 2 years

Food price-driven spike comes days before key leadership meeting

A person buys pork at a meat stall inside a Beijing market. Surging pork costs have pushed up consumer prices.   © Reuters

BEIJING -- China's consumer prices rose at their fastest rate in over two years in September, data showed on Friday, just days ahead of a key leadership meeting where the sputtering economy will top the agenda.

The fresh inflation figures came as China's central bank chief pledged on Friday to step up support for the world's second-largest economy as it grapples with the impact of a global slowdown and Beijing's zero-COVID policy, which forced repeated lockdowns in major cities that hurt consumer spending and production.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more