Chinese inflation slowed in October on the back of weaker food prices, giving the government more space to deploy pro-growth policy measures.
Consumer prices rose 1.7 per cent last month from a year earlier, down from September’s 1.9 per cent rise and below the forecasts of many analysts. Prices fell 0.1 per cent month on month, according to the national statistics bureau.
The low inflation reading is good news for the government on two fronts.
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