Investing.com – Consumer price inflation in China eased in October, rising at the slowest pace in five months, official data showed on Wednesday.
In a report, China’s National Bureau of Statistics said consumer price inflation rose by a seasonally adjusted 5.5% in October, after rising by 6.1% in September.
Analysts had expected Chinese CPI to rise by 5.4% in October.
The report also showed that producer price inflation rose by a 5.0% in October, slowing from 6.5% in September. Analysts had expected Chinese PPI to rise by 5.8% in October.
Following the release of the data, Asian stock markets were broadly higher. Hong Kong’s Hang Seng Index rallied 1.8%, while Japan’s Nikkei 225 Index climbed 1.1%.
In a report, China’s National Bureau of Statistics said consumer price inflation rose by a seasonally adjusted 5.5% in October, after rising by 6.1% in September.
Analysts had expected Chinese CPI to rise by 5.4% in October.
The report also showed that producer price inflation rose by a 5.0% in October, slowing from 6.5% in September. Analysts had expected Chinese PPI to rise by 5.8% in October.
Following the release of the data, Asian stock markets were broadly higher. Hong Kong’s Hang Seng Index rallied 1.8%, while Japan’s Nikkei 225 Index climbed 1.1%.