China's consumer inflation growth slowed in the month of October as the consumer-price index rose 1.3% compared to last October, according to China's National Bureau of Statistics.

A Reuters poll expected a 1.5% rise.

The tepid inflation figures continue a trend of falling producer prices and meager consumer price rises. This partially due to sharply lower commodity prices in 2015, but also reflects slowing demand for many goods.

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For the month of October, Producer Price Index (PPI) for manufactured goods fell 0.4% from the previous month, and more than 5.9 percent from the same time last year. The purchasing price index for manufactured goods decreased 0.6% month-on-month, and 6.9% year-over-year. On average, between January and October, the PPI decreased 5.1% year-on-year, the purchasing price index for manufactured goods went down by 6% compared to October of last year.

The year-on-year change of producer prices for means of production decreased 7.6%. Producer prices for consumer goods went down by 0.4% year-over-year.

The year-on-year purchaser price indices for ferrous metal materials, fuel and power decreased 12.4%, non-ferrous metal materials and wires fell by 9.6%, and chemical raw materials went down by 7.7%.

The producer prices for means of production decreased 0.5% from the previous month, meaning 0.4 percentage points decrease in the overall price level. Of the total, producer prices for mining and quarrying industry went down by 1.1%; raw materials industry decreased 0.5%; manufacturing and processing industry decreased 0.4%.

Producer prices for consumer goods increased 0.1% compared to the previous month. Of which, producer prices for foodstuff decreased 0.3%; clothing increased 0.1%; commodities remained flat; and durable consumer goods went down by 0.1%.

The purchaser price indices for ferrous metal materials decreased 1.1% from September; fuel and power decreased 0.9%; non-ferrous metal materials and wires went down by 0.8%, and wood and pulp remained flat from month to month.

TagsChinese Inflation Falls More Than Expected, Producer Price Index, PPI, inflation, consumer price index