TREE NEWS update: China’s National Bureau of Statistics announced that gasoline prices in September rose 16.6% year-on-year, with the increase widening by 7.3 percentage points from the previous month. This rise contributed approximately 0.47 percentage points to the year-on-year increase in the Consumer Price Index (CPI), and the growth rate of energy prices was pushed up from 4.1% in the previous month to 7.3% in September.
China’s September Gasoline Prices Rose 16.6% Year-on-Year, Lifting CPI by 0.47 Percentage Points
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