China's consumer price index up 1.2% in October

SHANGHAI, China: China's consumer price index, the country's key inflation measure, rose 1.2 percent in October from a year ago, the government reported Friday, showing inflation remains tame. 

Higher prices for vegetables and fuel propelled the index above September's increase of 0.9 percent - the slowest so far this year. For the January-October period, inflation rose 1.9 percent compared to the same period of 2004, the National Bureau of Statistics reported. 

China's central bank recently cut its forecast for the consumer price index to about 2 percent from the original 3 percent to 3.5 percent. 

The report said vegetable prices rose 17.5 percent year-on-year in October, following summer typhoons that damaged crops. 

Residential utilities costs rose 6.6 percent, while fuel and components cost 10.5 percent more. 

Prices for grain, a key factor in the index, fell 0.8 percent and declines were also seen for meat, poultry, eggs and transportation equipment. 

Prices for telecommunications equipment, such as mobile phones, slipped 15 percent, the report said. - AP

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