China's Inflation Slows to 0.3% in October Amid Economic Struggles

Despite monetary easing, China's consumer price index underperforms expectations, highlighting ongoing economic challenges.

China's consumer price index (CPI) increased by 0.3% year-on-year in October, a slowdown from September's 0.4% rise.
The CPI growth rate was the slowest in four months and fell short of the 0.42% increase anticipated by economists.
Concerns about deflationary pressures and weak demand persist as CPI growth remains around zero since March last year.
China's producer price index (PPI) fell 2.9% in October, marking the 25th consecutive month of decline and exceeding forecasts.
Beijing announced a 10 trillion yuan package to address local government debt, reflecting efforts to stimulate the economy.