China's Inflation Rate Drops to 5.5% in October


China's inflation rate has slowed to 5.5% in October compared with the same month a year earlier, the National Bureau of Statistics said. That is down from 6.1% in September, and a three-year high of 6.5% in July.

October food prices moderated, as widely expected, with the food-price component of the index up 11.9% from a year earlier, compared to a 13.4% increase in September. Nonfood prices also slowed, rising 2.7% from a year earlier compared to 2.9% in September.

In an especially significant development, food prices actually fell by 0.2% from September, and the overall CPI index rose by just 0.1% from the previous month. In September, the CPI was up 0.5% from August.

China


TradingEconomics.com, National Bureau of Statistics China
11/9/2011 11:26:48 AM


News

China Inflation Rate Rises to Near 8-Year High
China's annual inflation rose to 3.8 percent in October 2019 from 3 percent in the previous month and above market expectations of 3.3 percent. This was the highest inflation rate since January 2012, mainly due to persistently high pork prices following an outbreak of African swine fever.
Published on 2019-11-11

China Inflation Rate Rises to Near 6-Year High
China's annual inflation rose to 3 percent in September 2019 from 2.8 percent in the previous month and above market expectations of 2.9 percent. This was the highest inflation rate since October 2013, mainly due to persistently high pork prices following an outbreak of African swine fever.
Published on 2019-10-15

China August Inflation Rate Steady at 2.8%
China's annual inflation rate was at 2.8 percent in August 2019, unchanged from the previous month and above market forecasts of 2.6 percent. It remained the highest consumer inflation rate since February 2018, driven by persistently high pork prices amid an outbreak of African swine fever.
Published on 2019-09-10

China Inflation Rate Hits 17-Month High
China's annual inflation rate rose to 2.8 percent in July 2019 from 2.7 percent in the previous month and above market estimates of 2.7 percent. That was the highest rate since February 2018 boosted by the fastest increase in food prices since January 2012, as pork prices were persistently high in the wake of an outbreak of African swine fever.
Published on 2019-08-09