In China, the Producer Price Index (PPI), which measures changes in wholesale prices of goods, fell by 2.3% year-on-year in September, the National Bureau of Statistics of China (NBS) reported on Wednesday. The rate of decline also slowed by 0.6 percentage points compared with the previous month, indicating an improvement in industrial demand amid government efforts to stimulate economic growth.

According to the agency, on a monthly basis, the PPI remained stable in September after a 2.9% year-on-year drop in August.

For the first nine months of the year, the PPI fell by 2.8% compared with the same period in 2024.

Data released on Wednesday also showed that in September, China’s Consumer Price Index (CPI), the main inflation indicator, decreased by 0.3% year-on-year.