October CPI Rises 4.4% YoY
China's consumer price index (CPI) for October rose 4.4% y-o-y and 0.8% m-o-m, with the food price component rising by 10.1% y-o-y, according to statistics released by the National Bureau of Statistics (NBS) on November 11. The CPI calculated over the first ten months of the year grew 3% y-o-y, the report said.
The country's producer price index (PPI) in October was up 5.0% y-o-y, with prices of raw materials increasing 5.8% y-o-y, the report said. PPI from January to October this year grew 5.5% annually, the report said.
The country's industrial output in October expanded 13.1% y-o-y; over the first ten months, industrial output was up 16.1% y-o-y, representing a 0.2-percentage-point decline against the growth rate posted in the first nine months of 2009, the report said.
Nationwide retail sales in October were RMB 1.43 trillion, up 18.6% y-o-y, bringing the total for January to October to RMB 12.53 trillion, up 18.3% y-o-y, the report said.
Form submitted successfully. Thank you.