China's Oct CPI up 2.1% YoY, down from 2.8% growth in Sept: NBS

On a month-on-month basis, the CPI growth also slowed to 0.1 per cent compared with 0.3 per cent in September.

Meanwhile, China's producer price index (PPI), which gauges factory-gate prices, declined by 1.3 per cent from a year ago in October, following a 0.9 per cent rise in September, marking the first negative PPI growth in almost two years, according to NBS.

The bureau mainly attributed the fall in producer prices to last year's high comparison base, adding that the PPI rose by 0.2 per cent on a monthly basis in October as demand increased in some industries, following a 0.1 per cent decline in September, government-controlled media outlets reported.

ALCHEMPro News Desk (DS)