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China consumer inflation up amid food supply concerns as factory-gate prices surge again

Summary:
[unable to retrieve full-text content]China’s consumer prices rose only slightly last month amid public concerns over food shortages, but factory-gate inflation surged to the highest level in 26 years, data released on Wednesday showed.China’s official consumer price index (CPI) rose by 1.5 per cent in October from a year earlier, up from a rise of 0.7 per cent in September, the National Bureau of Statistics (NBS) said.This was above the Bloomberg survey median, which had predicted a rise to 1.4 per cent. Beijing has set a 2021 CPI…

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[unable to retrieve full-text content]
China’s consumer prices rose only slightly last month amid public concerns over food shortages, but factory-gate inflation surged to the highest level in 26 years, data released on Wednesday showed.China’s official consumer price index (CPI) rose by 1.5 per cent in October from a year earlier, up from a rise of 0.7 per cent in September, the National Bureau of Statistics (NBS) said.This was above the Bloomberg survey median, which had predicted a rise to 1.4 per cent. Beijing has set a 2021 CPI…

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