China’s key inflation gauge stabilized in October but remained at its slowest rate in five years, fresh data showed on Monday, adding to evidence the world’s second-largest economy is cooling.
The consumer price index (CPI) rose 1.6 percent from the year-ago period, in line with a Reuters forecast and unchanged from September.
Prices stayed flat on a monthly basis, compared with a 0.1 percent gain forecast and after rising 0.5 percent in the previous month.
via CNBC
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