NBS: China's Oct CPI rises 0.3%, PPI falls 2.9% YoY

China's Consumer Price Index (CPI) in October gained 0.3% from the same month last year but dropped 0.3% from September, while the Producer Price Index (PPI) lost 2.9% on year and dipped 0.1% on month, according to the data released by the country's National Bureau of Statistics (NBS) on Saturday.

The country's CPI registered negative on-month growth mainly due to the decline of food prices nationwide, noted Dong Lijuan, a senior statistician with NBS. Last month, Chinese food prices dropped by 1.2% from September, falling below the average level for the same period over the past decade, the NBS