China Factory-Gate Prices Decline for Record 32nd Month: Economy
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China’s factory-gate prices fell for a record 32nd month in October and consumer prices remained subdued, raising pressure on policymakers to bolster the world’s second-largest economy as disinflation spreads.
The producer-price index dropped 2.2 percent from a year earlier, the National Bureau of Statistics said in Beijing today, compared with the median projection of a 2 percent decline in a survey of analysts by Bloomberg News. Consumer prices rose 1.6 percent and the rate was unchanged from the prior month and matched economists’ estimates.