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Economy

China October inflation eases to 1.3 pct

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2015-11-10 10:30Xinhua Editor: Mo Hong'e

10月份居民消费价格同比上涨1.3% 环比降0.3%

10月份,全国居民消费价格总水平环比下降0.3%。其中,城市下降0.3%,农村下降0.3%;食品价格下降1.0%,非食品价格上涨0.1%;消费品价格下降0.4%,服务价格下降0.1%。

A staff member places vegetables at a super market in Cangzhou, north China's Hebei Province, Nov. 8, 2015. China's consumer price index (CPI), the main gauge of inflation, grew 1.3 percent year on year in October. (Photo: Xinhua/Mo Yu)

A staff member places vegetables at a super market in Cangzhou, north China's Hebei Province, Nov. 8, 2015. China's consumer price index (CPI), the main gauge of inflation, grew 1.3 percent year on year in October. (Photo: Xinhua/Mo Yu)

China's consumer price index (CPI), the main gauge of inflation, grew 1.3 percent year on year in October, the National Bureau of Statistics (NBS) said Tuesday.

The weaker-than-expected reading slowed from the 1.6-percent gain in September and 2-percent in August. On a monthly basis, consumer prices edged down 0.3 percent.

NBS statistician Yu Qiumei attributed the slowdown to falling pork and vegetable prices due to ample supplies. Food prices, which account for nearly one-third of weighting in China's CPI, went down 1 percent from a month earlier.

Meanwhile, China's producer price index (PPI), which measures wholesale inflation, plunged 5.9 percent year on year last month, marking the 44th straight month of decline that pointed to continuing weak market demand.

  

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