Consumers selectedgoods at a supermarket in Nanjingon October 13, 2024.(Photo by CFP)

China's consumer prices steadied in September amid a sustained recovery of domestic demand, official data showedonSunday.

The consumer price index (CPI), a main gauge of inflation, was up 0.4 percent year on year in September, lower from a 0.6-percent rise in August, the National Bureau of Statistics (NBS) said.

The 0.4 percent growth in September was lower than the previous month mainly because of the higher base logged in the same period last year, said NBS statistician Dong Lijuan.

On a monthly basis, the CPI remained unchanged compared to the previous month.

China unveiled an action plan in March this year to implement a program of large-scale equipment upgrades and trade-ins of consumer goods to expand domestic demand, and stepped up policy support in July with an extra funds injection of 300 billion yuan(about 42.4 billion U.S. dollars)via ultra-long special treasury bonds.

Under the program, factories are encouraged to replace old machines with advanced new ones, and individual consumers can enjoy subsidies on automobiles and home appliances, among others.

China will apply a set of fiscal policy tools including local government special-purpose bonds, special funds and taxation policies to help stabilize the property market,saidMinister of Finance Lan Fo'anata press conferenceonSaturday.

(ByJia Xiaojing/ChinaYouth Daily)

来源：中国青年报客户端