Daily Times

China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy. China unveiled a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the economy. The consumer price index edged up 0.3% last month from a year earlier, slowing from September’s 0.4% rise and the lowest since June, data from the National Bureau of Statistics showed on Saturday, missing a 0.4% increase estimate in a Reuters poll of economists. CPI dropped 0.3% month-on-month, versus an unchanged outcome in September and below a forecast 0.1% decline.