China’s producer price index (PPI), a gauge of inflation at the wholesale level, fell 1.5 percent in October from a year earlier, compared with a 1.3 percent drop in the previous month, the official Xinhua news agency reported on Saturday, citing data from the National Bureau of Statistics (NBS). The index, which has been in negative territory for 20 months in a row, saw a faster pace of decline because of the higher comparison base in the same month last year, senior NBS statistician Yu Qiumei was quoted as saying. On a monthly basis, the PPI remained flat in October, compared with a 0.2 percent month-on-month increase in the previous month, the data showed. Meanwhile, the country’s consumer price index grew 3.2 percent year on year in October, up from 3.1 percent in September, the report said.
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