Retail

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

10 Nov '24

1 min read

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

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China's CPI was up by 0.3 per cent YoY in October over September's 0.4-per cent rise.
The core CPI rose by 0.2 per cent YoY—up from a 0.1-per cent rise in September.
The CPI slipped by 0.3 per cent month on month in October after remaining unchanged in September.
The producer price index went down by 2.9 per cent YoY in October, slightly widening from the 2.8-per cent decline seen in September.

China's consumer prices rose mildly in October this year as domestic demand continued to improve amid a sustained economic recovery. The consumer price index (CPI), a main gauge of inflation, was up by 0.3 per cent year on year (YoY) in the month, slightly lower than the 0.4-per cent rise in September, according to the National Bureau of Statistics (NBS).

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.

Fibre2Fashion News Desk (DS)

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