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- China inflation lowest since 2009; PPI falls at steady pace
China inflation lowest since 2009; PPI falls at steady pace
RTTNews reports that data from the National Bureau of Statistics showed that China's consumer price inflation eased to the lowest since October 2009.
Consumer price inflation slowed to an 11-month low of 0.5 percent in October from 1.7 percent in September. Economists had expected a 0.8 percent increase.
Pork prices decreased 2.8 percent on year in October after climbing 25.5 percent a month ago. This was the first fall in 19 months.
Excluding food and energy, core inflation held steady at 0.5 percent in October.
Another report from the NBS showed that producer prices grew 2.1 percent annually, the same rate of growth as logged in September. Economists had forecast a 2 percent fall in October. On a monthly basis, producer prices remained unchanged after a 0.1 percent rise in the previous month.
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