China's consumer price inflation eased to the lowest since October 2009 as pork prices fell for the first time in 19 months, data from the National Bureau of Statistics showed Tuesday.
Consumer price inflation slowed to an 11-month low of 0.5 percent in October from 1.7 percent in September. This was also below economists' forecast of 0.8 percent.
Pork prices decreased 2.8 percent on year in October after climbing 25.5 percent a month ago. This was the first fall in 19 months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.