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China inflation eases to 5.5%, policy change caution urged

(Xinhua)

08:21, November 10, 2011

BEIJING -- China's consumer price index (CPI), the main gauge of inflation, rose 5.5 percent year-on-year in October, weakening from September's 6.1 percent, the National Bureau of Statistics (NBS) said on Wednesday.

The October CPI growth marked the slowest surge since May this year, softening from 6.1 percent in September, 6.2 percent in August, 6.5 percent in July and 6.4 percent in June.

"The October CPI data showed that the government's price control efforts have started to pay off," said Zhang Liqun, a macroeconomic researcher with the Development Research Center of the State Council, or China's Cabinet.

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