China’s October producer prices rise 5.7% as consumer inflation slows to 0.7%
China’s producer-price index rose 5.7% year on year in October, accelerating from September’s 5.0% and exceeding economists’ median forecast of 5.3%, National Bureau of Statistics data showed. Consumer-price inflation slowed to 0.7% from 0.9%, below the expected 0.8%. Producer prices increased 0.7% month on month, compared with September’s 1.2% rise.