China’s CPI rises 1.7 pct and PPI drops 2.8 pct in October

2012-11-09 03:02:05 GMT2012-11-09 11:02:05(Beijing Time)  SINA.com

According to the latest statistics publicized by the National Bureau of Statistics, China’s consumer price index (CPI) grew 1.7 percent year on year in October.

The growth rate of CPI in urban and rural areas grew 1.8 percent respectively. Food prices rose by 1.8 percent and non-food prices rose by 1.7 percent year on year; Consumer goods prices rose by 1.5 percent and service prices rose by 2.3 percent year on year. From January to October this year, on average, China’s CPI increased 2.7 percent compared to last year.

In October, CPI dropped -0.1 percent month on month. Among them, CPI in urban and rural areas both fell -0.1 percent month on month. Food prices dropped 0.8 percent and non-food prices grew 0.3 percent month on month; Consumer goods prices dropped 0.2 percent and services prices rose by 0.2 percent month on month.

According to the National Bureau of Statistics, China’s producer price index (PPI) dropped 2.8 percent year on year in October with a month-to-month growth of 0.2 percent. Purchasing price index dropped 3.3 percent year on year in October with a month-to-month fall of 0.1 percent. The average year-on-year growth rates during January to October of producer price index and purchasing price index were -1.6 percent and -1.7 percent respectively.

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Editor: Yu Runze
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