- Analytics
- News and Tools
- Market News
- Chinese CPI rose 0.2% in October, as expected
Chinese CPI rose 0.2% in October, as expected
China's consumer prices increased at a steady pace in October, while producer price inflation slowed for the fourth consecutive month on weaker manufacturing activity, according to rttnews.
Inflation remained unchanged at 2.5 percent in October, the highest since February, the National Bureau of Statistics reported. The rate also came in line with economists' expectations.
Nonetheless, inflation remains below the government's full year-target of around 3 percent.
Food prices advanced 3.3 percent and non-food prices climbed 2.4 percent annually.
On a monthly basis, consumer price inflation slowed to 0.2 percent from 0.7 percent in September.
Another report from NBS showed that producer price inflation eased to a 7-month low of 3.3 percent in October, as expected, from 3.6 percent in September.
Month-on-month, producer prices gained 0.4 percent versus 0.6 percent rise in September.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
