BEIJING: China’s consumer inflation waned in October while factory-gate deflation extended a record streak of negative readings, signalling policy makers may need to hit the gas again to ease deflationary pressures.
The consumer-price index rose 1.3% in October from a year earlier, according to the National Bureau of Statistics, missing the 1.5% median estimate in a Bloomberg survey and down from 1.6% in September. The producer-price index fell 5.9%, its 44th straight monthly decline.
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