Photo Ic: Percent and Cpi

photo ic: However, the nation is unlikely to experience an inflationary spiral, they said, according to Global Times China. The figure, announced on Tuesday by the National Bureau of Statistics NBS reached 3 percent for the first time since November 2013 mainly due to rising food prices - in particular pork prices, which soared 69.3 percent on a yearly basis. Photo IC The consumer price index CPI in China, a main gauge of inflation, rose 3 percent year-on-year in September - the fastest rate in nearly six years - and that pace is likely to continue, industry observers said. The CPI was up 0.9 percent month-on-month, which was 0.2 percentage points higher than in August. The CPI is likely to rise about 3 percent in the fourth quarter, based on the hefty increase in pork prices, which is forecast to last until next year, analysts said. China doesn't have the basis of one-way inflation or deflation, but will follow market changes, said Sun Guofeng, head of the monetary policy department of the People's Bank of China PBC China's central bank, on Tuesday. (news.financializer.com). As reported in the news.