China's consumer price index (CPI) rose 1.3 percent year-on-year in October, latest official data showed, slower than a 1.6 percent rise pace in September, due to falling growth in food prices.
October marked the second straight month of slowdown in consumer inflation after three consecutive months of acceleration. According to data released by the National Bureau of Statistics (NBS) on Tuesday, food prices, the most important factor in CPI reading, were up 1.9 percent from a year ago in October, lower than September's 2.7 percent growth rate.
On a monthly basis, China's CPI edged down 0.3 percent last month. CPI in the January-October period grew 1.4 percent on average compared with the same period last year.
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