China’s CPI falls to 1.7% in October, hits 33-month new low

09 November 2012 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--China’s consumer price index (CPI) dropped to 1.7% in October, hitting the new 33-month low, data from the country’s National Bureau of Statistics (NBS) showed on Friday.

The October CPI was down from 1.9% in September, according to the data report.

The country’s monthly producer price index (PPI) – a gauge of wholesale prices – fell by 2.8% year on year in October, compared with a 3.6% fall in September, according to the data.

Average CPI and PPI from January to October was 2.7% and 1.6% respectively, the data showed.

Producer price for chemical raw materials dropped by 5.7% in October, the data added.

By: Dolly Wu
+65 6780 4359

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