China’s consumer prices rose 0.7% in October from a year earlier, slowing from September’s 0.9% increase, while factory-gate prices rose 5.7%, the National Bureau of Statistics reported Monday.
The October consumer price release showed prices were unchanged from September. Core inflation, which excludes food and energy, was 0.8% year over year and flat month over month.
Food prices fell 2.9% from a year earlier, while nonfood prices rose 1.5%. Services prices increased 0.7%, and housing prices declined 0.3%. Consumer prices averaged a 0.9% increase over the first 10 months of the year. The bureau’s September release had shown headline consumer inflation of 0.9% year over year.
In a separate October producer-price release, the bureau reported that factory-gate prices rose 5.7% year over year and 0.7% month over month. Prices paid by industrial producers for their inputs increased 7.9% from a year earlier and 1.1% from September.
Both releases were dated November 9 at 9:30 a.m. in China, corresponding to Sunday, November 8, at 8:30 p.m. Eastern time.
JBizNews Desk | Economy
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