Xinhua
09 Nov 2024, 13:47 GMT+10
BEIJING, Nov. 9 (Xinhua) -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery.
The consumer price index (CPI), a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics (NBS) said Saturday.
Falling energy prices dragged down the price level last month, while food prices registered stable growth, according to NBS statistician Dong Lijuan.
The core CPI, which excludes food and energy prices, rose 0.2 percent from a year ago in October, up from 0.1 percent in September.
On a monthly basis, the CPI slipped 0.3 percent in October after remaining unchanged in September.
The NBS data also showed the country's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.9 percent year on year in October, slightly widening from the 2.8 percent decline in September.
Compared to a month earlier, the PPI only dropped 0.1 percent, narrowing from the 0.6 percent decline in September and 0.7 percent in August.
The overall price level in China has maintained a stable trend this year thanks to an upward economy, effective pro-growth policies and warming domestic demand.
The country in March unveiled a program of promoting large-scale equipment upgrades and consumer goods trade-ins to stimulate domestic demand and shore up the economy, which has bolstered consumer sentiment and boosted the sales of a wide range of products from automobiles to home appliances.
Looking forward, the mild recovery in inflation is expected to continue for the rest of the year due to better economic situations, seasonal factors and the weakening carryover effect, Sheng Laiyun, deputy head of the NBS, has said.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationCNN - In a recent interview with CNN's Christiane Amanpour, Canadian Foreign Minister Mélanie Joly expressed strong opposition to President...
NEWARK, New Jersey: Over the weekend, a FedEx Boeing 767 cargo plane hit a bird while taking off from Newark Airport. One of its...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
ANNAPOLIS, Maryland: Maryland's largest managed care organization for Medicaid recipients has had its accreditation suspended, prompting...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
HANOI, Vietnam: Vietnam is set to fast-track licensing for Elon Musk's Starlink satellite internet service, while also exploring ways...
BEIJING, China: China's manufacturing sector is expected to shrink for a second consecutive month in February, signaling continued...
Gandhinagar (Gujarat) [India], March 8 (ANI): Prime Minister Narendra Modi on Friday inaugurated the free benefit distribution under...
Silvassa (Daman and Diu) [India], March 7 (ANI): Asserting that Silvassa is emerging as a modern city, Prime Minister Narendra Modi...
New Delhi [India], March 7 (ANI): The Indian passenger vehicle (PV) sector is unlikely to see significant disruption from fresh competition...