China’s consumer price index, the main gauge of inflation, grew 1.9 per cent year on year in September, up from the 1.3 per cent rise in August, the National Bureau of Statistics said last week. But the price of fruit and vegetables rose 7.5 per cent and 6.7 per cent, respectively, compared with 3.9 per cent and 0.6 per cent decreases in August. Photo: Xinhua

Talk of an inflation scare is far too premature

The IMF expects the average inflation rate in developed economies to pick up to 0.8pc by year end – still less than half of the main central banks’ 2pc targets

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China’s consumer price index, the main gauge of inflation, grew 1.9 per cent year on year in September, up from the 1.3 per cent rise in August, the National Bureau of Statistics said last week. But the price of fruit and vegetables rose 7.5 per cent and 6.7 per cent, respectively, compared with 3.9 per cent and 0.6 per cent decreases in August. Photo: Xinhua
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