China Friday reported inflation in October eased to 1.7 percent year-on-year from 1.9 percent in September as the pace of food price increases further slowed. The National Bureau of Statistics said the October growth in the consumer price index, China's main gauge of inflation, also came in below market forecast of 1.8 percent, Xinhua News Agency reported. The August inflation rate was 2 percent. Food prices, which account for one-third of the CPI index, rose 1.8 percent in October year-on-year, down from September's 2.5 percent. The October number may further encourage officials to ease monetary policy and take additional steps to spur the slowing economy, which has been affected by slowing demand for China's exports. The government wants to keep inflation below 4 percent for the whole year. China is the world's second-largest economy after the United States. Japan occupies the third place.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor