Economic Observer Online
Nov 9, 2011
Translated by Pang Lei
Original Article: [Chinese]
 
The National Bureau of Statistics announced earlier today that China's consumer price index (CPI) rose 5.5 percent year-on-year in October, lower than the pace of growth registered in September when the index rose by 6.1 percent compared to 12 months earlier.

According to the NBS, the CPI rose 5.4 percent in urban areas and 5.9 percent in rural areas. The rate of year-on-year increase in food prices slowed to 11.9 percent in October, down from an increase of 13.4 percent in September, contributing 3.62 percentage points to the overall growth in the indicator.  
 
The price of meat, poultry and related products increased 26.1 percent year-on-year, contributing 1.72 percentage points to the overall increase in CPI. However, this was less than 28.4 percent year-on-year increase in the price of meat, poultry and related products registed in September and also down on the 29.3 percent increase in August.

According to the NBS, the pace at which the cost of housing increased also moderated in OCtober. Housing-related prices were up by 4.4 percent which was less that the 5.1 percent rate registered in September - though rental prices increased by 3.6 percent in October which was slightly faster than the 3.4 percent increase registered in September.

The producer price index (PPI), another measure of inflation at the wholesale level, rose 5.0 percent in October year-on-year, a marked drop in pace from the 6.5 percent increase that the NBS reported for September

Links and Sources
National Bureau of Statistics: 10月份消费品市场情况
National Bureau of Statistics: 2011年10月份工业生产者价格变动情况