Hey there, curious minds! 🎉 Guess what? China's consumer prices stayed pretty steady in October, rising just 0.3% compared to last year. That's like a tiny nudge upwards, slightly less than the 0.4% bump in September. 📈
So, what's the scoop? Energy prices took a little dip, pulling down the overall numbers, but food prices kept things balanced with stable growth. 🍜🥡 According to Dong Lijuan, a statistician from the National Bureau of Statistics (NBS), this shows that domestic demand is on the rise as the economy keeps recovering. 🚀
The core consumer price index (CPI), which leaves out the super bouncy food and energy prices, went up by 0.2% in October, a tad higher than the 0.1% in September. Not too shabby! 👍
Month-on-month, the CPI slipped a teeny 0.3% after chilling unchanged in September. No biggie! 😎
On the flip side, the producer price index (PPI) — that's how much it costs to make stuff at the factory — dropped by 2.9% compared to last year, just a smidge more than the 2.8% drop in September. But here's the cool part: compared to the previous month, the PPI only dipped 0.1%, way less than the bigger drops in September and August. 🎢
All in all, China's economy is showing some steady vibes. It's like watching a chill wave surfing smoothly, keeping things balanced. 🌊🏄♂️
Reference(s):
cgtn.com
