China consumer inflation eases to 1.9 pc; scope for rate cuts

China’s annual consumer price inflation ticked down to 1.9 per cent in September from August’s 2.0 per cent, official data showed on Monday, leaving plenty of room for further policy easing to shore up growth.

Analysts say consumer inflation running well below the 4 per cent annual target set by the government leaves room for policymakers 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.

via Business feed http://www.scmp.com/business/economy/article/1061512/china-consumer-inflation-eases-19-pc-scope-rate-cuts