摘要
SIGNS OF A FOURTH QUARTER REBOUNDInflation in China continued to moderate in October, with the Consumer Price Index （CPI） unexpectedly slipping to 1.7 percent, down from the 1.9 percent registered in September （see Chart I）. October marked the lowest inflation rate in nearly three years, giving the government more room to further stim- ulate the economy if necessary. Food prices, which are closely monitored by authorities, were subdued, rising 1.8 percent year on year, compared with a 1.7 percent rise for non-food prices. October＇s CPI reading is expected to mark the bottom of the current inflation cycle as economists forecast inflation to gradually increase over the next few months on the back of rising food prices.
SIGNS OF A FOURTH QUARTER REBOUNDInflation in China continued to moderate in October, with the Consumer Price Index （CPI） unexpectedly slipping to 1.7 percent, down from the 1.9 percent registered in September （see Chart I）. October marked the lowest inflation rate in nearly three years, giving the government more room to further stim- ulate the economy if necessary. Food prices, which are closely monitored by authorities, were subdued, rising 1.8 percent year on year, compared with a 1.7 percent rise for non-food prices. October＇s CPI reading is expected to mark the bottom of the current inflation cycle as economists forecast inflation to gradually increase over the next few months on the back of rising food prices.
