China reported a consumer inflation of 0.3% year-on-year in October 2024, below both market expectations and the prior month’s 0.4%, and marking the lowest rate since June, underscoring rising deflation risks despite Beijing’s stimulus measures in late September to support the slowing economy.

Consumer Price Index inflation increased 0.2% in October for an un-adjusted annual rate of 2.6%, meeting expectations, according to the Bureau of Labor Statistics.