People purchasing fruit at an agricultural trade market on May 11, 2024 in Lianyungang, Jiangsu Province of China.
China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy.
Analysts say the package will likely do little to boost economic activity, demand and prices in the near term.
However, core inflation, excluding volatile food and fuel prices, rose 0.2% in October, accelerating from 0.1% in September.
China's central bank in late September unveiled the most aggressive monetary support measures since the COVID-19 pandemic to revive economic growth.
Persons:
Bruce Pang
Organizations:
National Bureau, Statistics, JLL
Locations:
Lianyungang, Jiangsu Province, China, Beijing, China's