China's consumer prices see stable growth in Oct; PPI down 2.9% YoY

The core CPI, which excludes food and energy prices, rose by 0.2 per cent YoY in October—up from a 0.1-per cent rise in September.

The CPI slipped by 0.3 per cent month on month (MoM) in the month after remaining unchanged in September.

The country’s producer price index (PPI), which measures costs for goods at the factory gate, went down by 2.9 per cent YoY in October, slightly widening from the 2.8-per cent decline seen in September.

Compared to a month earlier, the PPI dropped by a mere 0.1 per cent, narrowing from the 0.6-per cent decline in September and 0.7-per cent drop in August.

ALCHEMPro News Desk (DS)