China's inflation grows 3.2% in Oct

Source: Xinhua | November 9, 2013, Saturday |

Online Edition

China's consumer price index (CPI), a main gauge of inflation, grew 3.2 percent year on year in October, up from 3.1 percent in September, the National Bureau of Statistics (NBS) said today.

In the first ten months, CPI growth stood at 2.6 percent on average, well below the government's full-year target of 3.5 percent.

Yu Qiumei, a senior statistician with the NBS, said the country's inflation remains generally stable.

Yu attributed the rise in October mainly to a rebound in prices of non-food products, including clothing, home appliances and daily necessities.

Last month, food prices dropped 0.4 percent month on month, while prices of non-food products rose 0.3 percent, according to the NBS.

The NBS data also showed China's producer price index, which measures inflation at the wholesale level, fell 1.5 percent in October from a year ago.

Economy

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China's inflation grows 3.2% in Oct

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