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China Oct inflation moderates; producer prices fall for 44th month
[BEIJING] China's consumer inflation moderated again in October, while producer prices declined for the 44th straight month, as falling commodity prices and weak demand add to deflationary pressure.
The consumer price index (CPI) rose 1.3 per cent in October from a year earlier, compared with a 1.6 per cent increase in September, the National Bureau of Statistics (NBS) data showed on Tuesday.
A Reuters poll had expected a rise of 1.5 per cent The producer price index (PPI) fell 5.9 per cent in October from a year earlier, identical with the decline in September, and slightly more than economists' forecasts of a 5.8 per cent drop.