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China October data points to persisting deflationary pressure

Analysts see scope for further stimulus soon, but were divided on whether that meant further rate cuts or greater fiscal outlays

Published Tue, Nov 10, 2015 · 09:50 PM

China

Beijing

CHINA'S October inflation data showed persisting if not intensifying deflationary pressure, spurring analysts to expect more moves to stimulate the slowing economy by year-end.

The October consumer price index (CPI) cooled more than expected, rising 1.3 per cent from a year earlier. compared with 1.6 per cent in September, National Bureau of Statistics (NBS) data showed on Tuesday. A Reuters poll expected a 1.5 per cent rise.

The producer price index (PPI) fell 5.9 per cent in October from a year earlier, equal to the September decline and …