Economic Buzz: China's inflation down from 0.9% to 0.7% in October

China's consumer price index (CPI) increased 0.7% year-over-year in October, slowing from 0.9% in September, the National Bureau of Statistics (NBS) said in a report on Monday.

Viewed monthly, the CPI stood unchanged, after a 0.2% increase in September. In addition, the producer price index (PPI) rose 5.7% on an annual basis, accelerating from 5% in the previous month, continuing the upward momentum and beating expectations.

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