China's annual inflation hits 2.8% in September

By Gokhan Ergocun

ISTANBUL (AA) – China's annual inflation rate came in at 2.8% in September, hitting the highest level since May 2020, official figures revealed on Friday.

Food prices, up 8.8%, had severe impact on the annual inflation rate, according to China's National Bureau of Statistics.

In September, petrol, diesel and liquefied petroleum gas prices increased by 19.2%, 21%, and 16.6%, respectively on a yearly basis in the country.

On a monthly basis, the inflation rate was 0.3% in the country, down by 0.1%.