ECONOMY_ Chinese Consumers Feel More Pain Than Official Data Suggests

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Chinese Consumers Feel More Pain Than Official Data Suggests

Inflation is well below the government’s 3% target, but figures fail to reflect the real rise in cost of housing, education, health care
While official data has rental costs rising by less than 3% this year, a government-backed industry group says rents have soared more than 10%. Photo: thomas peter/Reuters

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Oct. 16, 2018 5:26 a.m. ET


BEIJING—Inflation is merely creeping higher in China, according to the official data, but consumers are feeling a more intense sting from surging living costs, exacerbated by the impact of the trade fight with the U.S. on prices and economic growth.

China’s consumer inflation accelerated for the fourth straight month in September, up 2.5% year-over-year to hit a seven-month high, the National Bureau of Statistics said Tuesday, driven by gains in food prices and higher fuel prices. September’s official reading is up on the 2.3% gain in August, but slightly lower than economists’ expectations.

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READ MORE: https://www.wsj.com/articles/chinese-consumers-feel-more-pain-than-official-data-suggests-1539682001


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