China's October CPI Growth Cools to 4%      

China's consumer price index CPI rose 4.0% annually this October, which is the lowest pace in 17 months, according to the National Bureau of Statistics (NBS) released on November 11th.
   Economists say the easing in inflation gives the government further room to adjust policies to spur the economy while without worrying about inflation.
   Food prices, the main inflation driver since last year, in this October were up 8.5% year-on-year, the growth lowering 1.2 percentage points from the previous month. Prices of non-food items rose 1.6%. Falling food prices are the core factor contributing to easing consumer inflation.
   It is expected food prices will be a downturn track in the next few months. CPI may have little chance to rebound in near future. The government will focus on stimulating economic growth.
   NBS also posted China's producer price index (PPI) earlier, which rose 6.6% annually, down from 9.1% this September. The decline in PPI is contributed to the demand slump in Chinese market and abroad and the drastically falling ex-factory prices of goods.