The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Tuesday. The Chinese consumer price index (CPI) rose at annual rate of 1.3% in October, missing expectations for a 1.5% increase, after a 1.6% gain in September.

Food prices rose at an annual rate of 1.9% in October, while non-food prices increased 0.9%.

On a monthly basis, consumer price inflation decreased 0.3% in October, after a 0.1% rise in September.

The Chinese producer price index (PPI) dropped 5.9% in October, missing expectations for a 5.8% fall, after a 5.9% decline in September.