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CHINA / National |
Inflation reaches 6.5% in October(Xinhua)
Updated: 2007-11-13 10:42 BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose by 6.5 percent in October compared with the same period of last year, the National Bureau of Statistics (NBS) said on Tuesday. The figure was the same as the previous 11-year monthly record set in August, after the CPI eased slightly to 6.2 percent in September. The average increase of consumer prices reached 4.4 percent in the first ten months, compared with 4.1 percent for the January-September period. Analysts said the rebound of October CPI was largely due to higher pork and food prices. Food prices jumped 17.6 percent in October, 0.7 percentage points higher than September but 0.6 percentage points lower than August, the bureau said. |
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