China`s consumer inflation rate accelerated to 1.9 percent in October from a year earlier, beating market expectations, the National Bureau of Statistics (NBS) said on Thursday.
The consumer price index (CPI) had been expected to rise 1.8 percent on-year compared with an increase of 1.6 percent in September.
Producer prices rose 6.9 percent on-year, unchanged from previous month`s increase.
Analysts had predicted the PPI would rise 6.
China`s economy recorded better-than-expected growth of nearly 6.9 percent through the first nine months of this year, buoyed largely by a recovery in its manufacturing and industrial sectors thanks to strong government infrastructure spending, a resilient property market and unexpected strength in exports.
But property and construction activity, two of the economy`s main growth drivers, are starting to slow under the weight of government measures to cool heated housing prices and higher borrowing costs.
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