The price of corporate goods in September grew 1.4 percent year-on-year, the People's Bank of China, or the central bank, said Tuesday.

Compared with that in August, it was down 0.1 percent, according to a central bank report on the corporate goods price index.

The price of corporate goods from January to September rose 3.1 percent year-on-year.

In September, the price of consumer goods was 0.1 percent down from the previous month and 0.8 percent down from a year earlier.

The price of farm produce dropped 0.3 percent from the previous month and 1.2 from a year earlier. The price of grain dropped 0.2 percent from the previous month and 1.7 from a year earlier. The price of cotton increased 0.2 percent from the previous month and dropped 0.9 from a year earlier.

The price of iron ore was up 1.3 percent from August and 13 percent from the same period of last year. The price of steel dropped 2.2 percent from August and 4.7 percent from a year earlier. The price of steel ingot dropped one percent from August while up 11.6 percent year-on-year.

The price of pig coal kept falling as it is 0.4 percent down from the previous month. But the price is still 15.1 percent higher on an annual basis.

The price of oil remains a strong rising trend, up 2.4 percent from August and 72.1 percent from a year earlier while that of refined oil rose by 0.7 percent from August and 20.0 percent year on year.

The corporate good price index released by the bank, as a macro-economic index reflecting price trends, gives a comprehensive picture of the country's price fluctuations.

Source: Xinhua