Views: 0 Author: Site Editor Publish Time: 2022-11-30 Origin: Site
China's inflation fell to its slowest pace in seven months, in October, due to a high comparison base and softer consumer demand, the National Bureau of Statistics said on Wednesday.
The country's consumer price index, a main gauge of inflation, rose by 2.1 percent year-on-year in October, a seven-month low, down from 2.8 percent in September, the NBS data showed.
Compared with a year ago, food prices increased 7 percent, down from 8.8 percent in September, as the comparison base rose, vegetables, fruits and aquatic products came into the market in large numbers while consumer demand fell after the National Day holiday, the bureau said.