China records fall in October CPI and PPI

China’s consumer price index (CPI), a main gauge of inflation, edged down 0.2 percent year on year in October, according to the National Bureau of Statistics (NBS) on Thursday. Core CPI data, which excludes the more volatile food and energy prices, went up 0.6 percent year on year last month, with the pace of increase moderating slightly compared with September. On a monthly basis, the CPI dipped 0.1 percent from the previous month. An abundant supply of agricultural produce and a fall in consumer demand after the recent holiday period were reasons behind the slight drop in October consumer prices, said NBS Statistician Dong Lijuan in a statement. Meanwhile, China’s producer price index (PPI), which measures the costs for goods…