China: Inflation stabilizes in October
Consumer prices rose 0.2% from the previous month in October, down from September’s 0.7% increase. The reading was primarily driven by higher prices for clothing and footwear as well as for transportation and communication. Moreover, the fresh vegetables category logged the sharpest drop in five months.
Inflation stabilized at September’s 2.5% in October, matching the result expected by market analysts. Annual average inflation inched up to a nearly two -year high of 2.1% in October from 2.0% in September.
Producer price inflation, meanwhile, slowed to 3.3% in October from 3.6% in September, just in line with market analysts’ expectations. Easing producer price inflation signals that domestic demand is weakening.