China's National Bureau of Statistics said CPI rose 0.9% YoY in September, up
0.1ppt from August. Gasoline jumped 16.6% YoY, widening 7.3ppt and contributing
about 0.47ppt to CPI; energy inflation rose to 7.3% from 4.1% the prior month.
Industrial consumer goods excluding energy rose 1.6% YoY, a 0.2ppt slowdown,
contributing roughly 0.39ppt to CPI. Gold jewelry rose 22.5% YoY, with the pace
narrowing 11.1ppt and adding about 0.11ppt to CPI. Data storage devices,
tablets, computers and mobile phones rose 46.7%, 23.6%, 21.8% and 14.9% YoY
respectively, all accelerating and together contributing around 0.23ppt to CPI.