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China’s consumer prices fell in October, signaling weakness in domestic demand, according to official data.
The consumer-price index fell 0.2% in October from a year earlier after staying flat in September, the National Bureau of Statistics said Thursday. A Wall Street Journal poll of economists had tipped a 0.1% decrease.
Meanwhile, China’s producer-price index for October dropped 2.6% from a year earlier, compared with September’s 2.5% fall. The survey of economists had expected PPI to fall 2.7% from a year earlier.
