China's October PPI falls faster than expected, consumer inflation eases

Topics China | Chinese economy | Xi Jinping

BEIJING (Reuters) - China's factory-gate prices declined at a sharper-than-expected rate in October year-on-year, while consumer inflation eased to its slowest since 2009, data showed on Tuesday, underscoring the fragile nature of the economic recovery. The producer price index fell 2.1% from a year earlier, the National Bureau of Statistics said in a statement, unchanged from a 2.

1% drop in September and missing expectations for a 2.0% decline tipped by the median forecast from a Reuters survey of analysts. The bureau said in.

This article is no longer available in our repository.

There could be multiple reasons for this.