In September Chinese inflation it rises to 3,1%, from 2,6% in August. This is the highest in seven months, produced by the rise in food prices, in turn linked to bad weather conditions. The figure is higher than expectations, which stopped at 2,9%, but is still below the official target of 3,5% for 2013. According to data from the National Statistics Office, on a monthly basis, prices have marked a increase of 0,8%, against economists' estimates of +0,5%.
On Saturday, Beijing communicated that in September exports of China fell by 0,3%, while economists' forecasts spoke of growth of 5,5%.
The acceleration in prices leaves little room for maneuver for the Central Bank to support the economy in the face of the unexpected drop in exports, even if few analysts foresee a new leap in inflationary dynamics or a restrictive monetary policy in the coming months.
