Investing.com - Inflation in China slowed again in October data on Monday showed, adding to signs of a slowdown in the world’s second largest economy.
The consumer price index rose just 1.3% in October from a year earlier, slowing from 1.6% in September. Economists’ had expected a 1.5% increase.
The producer price index fell 5.9% from a year earlier, matching Septembers decline and slightly worse than forecasts of a 5.8% drop.
The weak data added to concerns over slackening demand and growing deflationary pressures in the economy.