The FINANCIAL — China’s consumer inflation moderated in October, official data showed on November 10, the latest indication that demand remains weak in the slowing economy, according to Nasdaq.
China’s consumer-price index rose 1.3% in October from a year earlier, slower than a 1.6% year-over-year rise in September, data from the National Bureau of Statistics showed, with cheaper food among the main factors weighing on price growth.
The rise in the key inflation gauge was less than the median 1.4% gain forecast by 11 economists in a survey by The Wall Street Journal.
The CPI also declined 0.3% in October from September. In September, it rose 0.1% from the preceding month.
China’s producer-price index dropped 5.9% in October from a year earlier, flat against a 5.9% year-over-year drop in September.
The fall in the gauge of factory-gate prices undershot economists’ median forecast of a 5.8% decline.
The PPI also declined 0.4% in October from September. In September, it fell 0.4% from the preceding month.
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