Chinese CPI up 1.9% in October vs 1.8% expected
China’s inflation climbed at the fastest pace in nine months in October and producer price inflation exceeded expectations as measures taken to curb pollution raised commodity prices.
Inflation rose to 1.9 percent in October from 1.6 percent in September, data from the National Bureau of Statistics showed, cited by rttnews.
Economists had forecast the rate to climb moderately to 1.8 percent. This was the highest rate since January, when inflation was 2.5 percent.
Nonetheless, inflation was well below the government’s full year target of around 3 percent.