China Oct inflation moderates; producer prices fall for 44th month

By: |
Beijing | Published: November 10, 2015 8:46:49 AM

China's consumer inflation moderated again in October, while producer prices declined for the 44th straight month, as falling commodity prices and weak demand add to deflationary pressure.

china consumer inflation rateChina’s consumer inflation moderated again in October, while producer prices declined for the 44th straight month, as falling commodity prices and weak demand add to deflationary pressure. (Reuters)

China’s consumer inflation moderated again in October, while producer prices declined for the 44th straight month, as falling commodity prices and weak demand add to deflationary pressure.

The consumer price index (CPI) rose 1.3 per cent in October from a year earlier, compared with a 1.6 per cent increase in September, the National Bureau of Statistics (NBS) data showed on Tuesday.

A Reuters poll had expected a rise of 1.5 per cent

The producer price index (PPI) fell 5.9 per cent in October from a year earlier, identical with the decline in September, and slightly more than economists’ forecasts of a 5.8 per cent drop.

Do you know What is Centrally Sponsored Scheme, Non Tax Revenue, Non Debt Capital Receipts, Consolidated Fund of India, Disinvestment? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1A widening profit gap
2Telecom panel to decide on spectrum caps today
3Modi’s Bihar package was hardly a lure, but state never lost out on central largesse