China's inflation eased to a seven-month low in October, signaling subdued price pressure in the fourth quarter and providing room for macroeconomic policies to beef up support for domestic demand, experts said on Wednesday.
Experts expect that China's consumer inflation will rise modestly and factory-gate inflation should trend down for the rest of the year, leaving room for further monetary easing in the coming months.
China's central bank is expected to pay more attention to keeping inflation in check during the rest of the year while sustaining support for economic growth, experts said on Thursday.
The figure moderated from the 8.8 percent year-on-year increase registered in February this year. On a monthly basis, China's PPI gained 1.1 percent in March, compared with the 0.5 percent increase in February.
China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8.8 percent year on year in February, data from the National Bureau of Statistics (NBS) showed Wednesday.