Chinese consumer price data showed inflation rising by just 1.7% in October, suggesting more...

|By:, SA News Editor

Chinese consumer price data showed inflation rising by just 1.7% in October, suggesting more room for the People's Bank of China to ease policy further. Analysts had been projecting a rise of 1.9%, just as it did in September. The producer price index fell 2.8% Y/Y, slightly more than a 2.7% drop projected, but slowing quite a bit from the previous month's 3.6% tumble.