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China consumer prices return to growth in October, producer price slump extends to three years
Deflation pressures in China alleviated in October, as consumer prices returned to growth after falling for two straight months, though producer prices extended their slump to three years as the world’s second largest economy suffers from weak domestic demand and a decline in exports. Data from China’s National Bureau of Statistics released Sunday showed consumer price index reading for October at 0.2%, compared with analysts’ expectations of zero, or flat growth year on year. Prices had dropped by a more than expected 0.3% in September. On a month-on-month basis consumer prices also rose by 0.2%, compared with ... (full story)
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