China's consumer prices rise slow to 0.3% on year in October

Consumer prices in China: 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 per cent last month from a year earlier, slowing from September's 0.4 per cent rise and the lowest since June, data from the National Bureau of Statistics showed on Saturday, missing a 0.4 per cent increase estimate in a Reuters poll of economists.

CPI drops 0.3% MoM

CPI dropped 0.3 per cent month-on-month, versus an unchanged outcome in September and below a forecast 0.1 per cent decline.

The producer price index slid 2.9 per cent on year in October, deeper than the 2.8 per cent fall in September, and below the expected 2.5 per cent decline.