The consumer price index (CPI), the main indicator of inflation in China, rose 0.3% in October, year-on-year, authorities announced today.
This CPI figure represents a slowdown of 0.1 percentage points compared to the previous month, when inflation was 0.4%.
The indicator, released by the Chinese National Bureau of Statistics (NBS), is also below the most widely-held forecasts among analysts, who expected it to remain unchanged compared to September.
NBS statistician Dong Lijuan highlighted the fall in food and gasoline prices.
The authorities also released the producer price index (PPI), which measures industrial prices and which deepened the decline from 2.8% last September to 2.9% in the month under review.
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