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China's CPI rises 6.5% in October
Latest Updated at 2007-November-13 16:22:43
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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 overall increase of consumer prices reached 4.4 percent in the first ten months, compared with 4.1 percent for the Jan.-Sept. 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.

In October, grain prices were up by 6.7 percent, pork prices 54.9 percent, meat and poultry 38.3 percent, oil 34.0 percent, aquatic products 7.0 percent, fresh vegetables 29.9 percent, and fresh fruit prices, 8.5 percent.

Meanwhile, the prices of non-food products rose 1.1 percent.

Transport and telecommunications prices dropped by 1.7 percent, clothes prices 1.3 percent, but housing prices were up 4.8 percent.

The bureau said the CPI in October surged by 6.1 percent in cities and 7.2 percent in rural areas, but predicted inflation would slow down in November and December.

The Producer Price Index (PPI) for China's industrial products rose by 3.2 percent in October from a year earlier, said the bureau on Monday.

Editor: Yan

By: Source: China View website

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