China’s consumer price index rose 1.6 percent in September from a year ago, meeting expectations.

Meanwhile, the producer price index jumped 6.9 percent in September from a year ago, which topped expectations.

According to a Reuters poll, China’s Consumer Price Index was forecast to rise 1.6 percent in September from a year ago. August CPI was 1.8 percent.

The Producer Price Index was predicted to have risen 6.3 percent in September from a year ago, steady from August, according to Reuters.

China is releasing inflation data on Monday morning ahead of a key leadership meeting in the capital city of Beijing later in the week.

Source: cnbc china
China's September Consumer Price Index rose 1.6%, meeting expectations