China's consumer inflation remained subdued in October, with the consumer price index (CPI) rising only 0.3% year-on-year, according to the National Bureau of Statistics. This figure marks a slight decrease from the 0.4% increase recorded in September. Analysts had anticipated no change in the CPI from the previous month, indicating ongoing challenges for the Chinese economy.
In addition to low consumer inflation, factory-gate prices continued their decline, raising concerns that recent government stimulus measures have yet to effectively combat deflationary pressures. The current economic climate suggests that further interventions may be necessary to stimulate growth and stabilize prices.