China's CPI rises 3.8 pct, PPI down 1.6 pct in October
China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year in October, the National Bureau of Statistics (NBS) reported on Saturday.
The CPI in urban areas and the countryside rose 3.5 percent and 4.6 percent, respectively.
Overall food prices climbed 15.5 percent year-on-year. Pork prices rose by 101.3 percent, affecting the overall CPI index by 2.43 percentage points. The price of beef, lamb, chicken and duck rose 17.3 percent, raising the overall CPI index by 0.21 percentage points. The price of fresh fruit is down by 0.3 percent, whereas the price of vegetables dropped 10.2 percent.
Non-food prices went up 0.9 percent.
From January to October, China's CPI increased by 2.6 percent over the same period last year.
The producer price index (PPI), which measures costs for goods at the factory gate, dropped by 1.6 percent year-on-year in October, according to the NBS.
From January to October, China's CPI is down by 0.2 percent over the same period last year.
The price of production materials decreased by 2.6 percent year-on-year, a drop of 0.6 percentage points over the previous month, affecting the overall PPI index by about 1.95 percentage points.