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Food costs push China inflation to 3.1 percent

14 October 2013, 08:24

Beijing  - Higher food prices pushed China's consumer inflation to 3.1 percent in September.

The official Xinhua News Agency said September's inflation rate was up from 2.6 percent in August, citing the National Bureau of Statistics.

Persistently higher inflation could complicate Beijing's efforts to keep China's economic recovery on track. Inflation of 2.5 percent for the first nine months of the year was still below the government's 3.5 percent annual target.

Food prices rose 6.1 percent from a year earlier in September. Holidays, drought and floods were partly responsible for the increase.

Prices of non-food products rose 1.6 percent.

The inflation figures come after China's exports unexpectedly dropped in September while imports rose.

Producer prices, which measure the costs of wholesale goods, fell 1.3 percent, suggesting weak demand from businesses.

- AP


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