China's September inflation eases to 1.9 percent, giving room to stimulate slowing economy

Associated Press

Posted on October 15, 2012 at 2:03 AM

BEIJING (AP) ? China's inflation has fallen further, giving the government more room to stimulate its slowing economy.

The government reported Monday that consumer inflation fell to 1.9 percent in September from the previous month's 2 percent. Politically sensitive food prices rose 2.5 percent.

Lower inflation gives the government more room to cut interest rates or pump money into the slowing economy with less risk of igniting a new spike in prices.

Chinese authorities have been moving cautiously as they try to revive economic growth that fell to a three-year low in the quarter ending in June and is expected to decline further before rebounding.

Source: http://www.kvue.com/news/business/174128661.html

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