CPI rises 0.2 per cent in October in a ‘surprise to the market’, while factory-gate prices fall for 37th month in a row.

China’s consumer prices returned to growth in October – though the near-zero figure still pointed to persistent deflationary pressures amid weak domestic demand and trade uncertainties – while factory-gate prices continued to fall. The national consumer price index (CPI), a key gauge of inflation, rose 0.2 per cent year on year last month, according to data released by the National Bureau of Statistics on Sunday. The reading beat market expectations after a poll by financial provider Wind…

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