China’s October inflation data showed persisting if not intensifying deflationary pressure, spurring analysts to expect more moves to stimulate the slowing economy by year-end.
The October consumer price index (CPI) cooled more than expected, rising 1.3 percent from a year earlier. compared with 1.6 percent in September, National Bureau of Statistics (NBS) data showed on Tuesday. A Reuters poll expected a 1.5 percent rise.
The producer price index (PPI) fell 5.9 percent in October from a year earlier, equal to the September decline and slightly worse than economists’ forecasts of a 5.8 percent drop.
On a monthly basis, consumer prices fell 0.3 percent, compared with a 0.1 percent increase in September.