China October Consumer, Producer Prices Decline At Slower Pace

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In a report released Wednesday, the National Bureau of Statistics announced that consumer prices in China declined 0.5% year-on-year in October, slower than the 0.8% fall in the previous month. Economists had expected prices to fall 0.4%. Consumer prices of goods dropped 0.3% in October, while prices of services fell 1.2%.

On a monthly basis, consumer prices slid 0.1% in October. In the January to October period, prices declined 1.1% compared to a year ago.

Meanwhile, the producer prices index decreased 5.8% annually in October, slower than the 7% fall in the preceding month. Economists were looking for a 5.2% drop. Month-on-month, producer prices increased 0.1% in October, while in the first ten months of the year, prices were down 6.4% from the corresponding period of the previous year.

In a report released Wednesday, the National Bureau of Statistics announced that consumer prices in China declined 0.5% year-on-year in October, slower than the 0.8% fall in the previous month. Economists had expected prices to fall 0.4%. Consumer prices of goods dropped 0.3% in October, while prices of services fell 1.2%. (Market News Provided by RTTNews)