NBS: China's October CPI rises 0.7%, PPI gains 5.7% YoY

China's Consumer Price Index (CPI) increased by 0.7% in October from a year earlier and was flat on month, while the Producer Price Index (PPI) for the same month advanced by 5.7% on year and gained 0.7% on month, according to the latest data released by the National Bureau of Statistics (NBS) on Monday.

The on-year growth in CPI was mainly driven by high energy and travel prices in October, according to Dong Lijuan, a senior statistician at the NBS. Chinese gasoline prices last month surged 22.4% on year and rose 4.2% on month, tracking further increases in the global crude oil prices,