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Published: 09:57, November 10, 2021 | Updated: 17:05, November 10, 2021
China's consumer inflation up 1.5% in October
By Xinhua
Published:09:57, November 10, 2021 Updated:17:05, November 10, 2021 By Xinhua

In this undated file photo, a shopper buys vegetables at a supermarket in Nanjing, Jiangsu province. (SU YANG / FOR CHINA DAILY)

BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year-on-year in October, data from the National Bureau of Statistics showed Wednesday.

The figure was higher than the 0.7 percent year-on-year growth recorded in September.

Food prices dropped 2.4 percent, with the price of pork, a staple meat in China, slumping 44 percent. However, the price of fresh vegetables, which declined 2.5 percent in September, saw a 15.9 percent increase last month, said senior NBS statistician Dong Lijuan

Specifically, non-food prices rose 2.4 percent from a year earlier, contributing about 1.97 percentage points to the CPI growth, said senior NBS statistician Dong Lijuan.

Food prices dropped 2.4 percent, with the price of pork, a staple meat in China, slumping 44 percent. However, the price of fresh vegetables, which declined 2.5 percent in September, saw a 15.9 percent increase last month, said Dong.

ALSO READ: Experts: Nation's consumer inflation to remain mild

China has set its consumer inflation target at approximately 3 percent for the year 2021, according to this year's government work report. 

PPI up 13.5 percent in October

The nation's producer price index (PPI), which measures costs for goods at the factory gate, went up 13.5 percent year-on-year in October, according to the NBS data.

The figure went up from the 10.7 percent year-on-year increase registered in September.

The faster expansion of PPI last month was due to international factors as well as the tight domestic supply of key energy and raw materials, said the NBS statistician.

READ MORE: PBOC governor sees stable policy, inflation below target

On a monthly basis, China's PPI rose 2.5 percent in October.

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