China's consumer prices rises slow to 0.3% on year in October By Reuters

BEIJING (Reuters) – China’s person costs rose more slowly in October, while producer imprint deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy.

China unveiled a 10 trillion yuan ($1.4 trillion) bundle on Friday to ease native authorities “hidden debt” burdens, comparatively than without prolong injecting money into the economy.

The person imprint index edged up 0.3% closing month from a twelve months earlier, slowing from September’s 0.4% upward thrust and the bottom since June, files from the Nationwide Bureau of Statistics confirmed on Saturday, lacking a 0.4% elevate estimate in a Reuters poll of economists.

CPI dropped 0.3% month-on-month, versus an unchanged spoil consequence in September and below a forecast 0.1% decline.

The producer imprint index slid 2.9% on twelve months in October, deeper than the 2.8% plunge in September, and below the expected 2.5% decline.

($1=7.1785 renminbi)