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China's inflation up 1.9% in Sept.

China's Consumer Price Index (CPI), the main gauge of inflation, eased to 1.9 percent in September from August's 2.0 percent, the National Bureau of Statistics (NBS) announced on Monday.[Hong Kong company registration]

On a month-on-month basis, September's CPI grew 0.3 percent from the previous month, according to the data released by the NBS.

Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, rose 2.5 percent last month from one year earlier, which was down from the 3.4-percent increase in August.

Analysts say consumer inflation running well below the 4 percent annual target set by the government leaves room for policymakers to do more to support the economy, which Q3 data due on Oct. 18 is likely to confirm has suffered a seventh successively slower quarter of annual growth.[Set Up Company Hong Kong]

China's producer price index, which measures inflation at the wholesale level, dropped 3.6 percent year on year in September, compared with a 3.5 percent decline in August, the National Bureau of Statistics said Monday.

[Hong Kong Company Formation]Easing consumer prices and falls in factory gate prices signal that China, world's second-biggest economy, is struggling to cope with the global slowdown that has set China on course for its weakest full year of growth since 1999.

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