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China's CPI up 1.5% in October
Updated: November 10, 2021 09:57 Xinhua

BEIJING — China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year-on-year in October, data from the National Bureau of Statistics showed on Nov 10.

The figure was higher than the 0.7 percent year-on-year growth recorded in September.

Specifically, non-food prices rose 2.4 percent from a year earlier, contributing about 1.97 percentage points to the CPI growth, said senior NBS statistician Dong Lijuan.

Food prices dropped 2.4 percent, with the price of pork, a staple meat in China, slumping 44 percent. However, the price of fresh vegetables, which declined 2.5 percent in September, saw a 15.9 percent increase last month, said Dong.

The country's producer price index, which measures costs for goods at the factory gate, went up 13.5 percent year-on-year in October, according to the NBS.

China has set its consumer inflation target at approximately 3 percent for the year 2021, according to this year's government work report.

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