BEIJING, Nov 9 (Reuters) - China’s producer price index (PPI) rose 3.3 percent in October from a year earlier, slowing from the previous month’s increase of 3.6 percent, the National Bureau of Statistics (NBS) said on Friday.
The number matched expectations in a Reuters poll of analysts for a 3.3 percent rate last month.
The consumer price index (CPI) rose 2.5 percent last month, also in line with market expectations of a 2.5 percent gain.
China has set its consumer inflation goal at 3 percent for 2018, same as last year.
The state planner recently said there is no sign of accelerating consumer inflation and expected prices to remain within a reasonable range.
Reporting by Beijing Monitoring Desk Editing by Shri Navaratnam