China's consumer price index (CPI) rose by 4.4 percent in October compared to the same month in 2009, up 0.7 percent month on month, and with the year-on-year growth rate up 0.8 percentage points on the previous month. The mainland's producer price index (PPI) rose five percent in October, up 0.7 percent month on month, and with the year-on-year increase rate 0.7 percentage points higher than in the previous month.
In October this year, data also showed that the nation's retail sales jumped 18.6 percent year on year to RMB 1,428.5 billion ($214.8 billion). Also in October, China's above-scale industrial added value increased by 18.5 percent year on year.
At the end of October, China's broad money (M2) balance was RMB 69.98 trillion ($10.5 trillion), increasing by 19.3 percent year on year, with this growth up 0.3 percentage points from the previous month and 10.2 percentage points lower than the corresponding month of 2009. China's narrow money (M1) balance at the end of October was RMB 15.3 trillion ($2.3 trillion), up 22.1 percent year on year, with this growth rate up 1.2 percentage points month on month and 9.9 percentage points lower year on year. Currency in circulation (M0) was RMB 4.16 trillion ($0.626 trillion), up 16.6 percent year on year. Local and foreign currency loans rose by RMB 622.8 billion ($93.7 billion), of which RMB loans increased by RMB 587.7 billion ($88.4 billion), while foreign loans were up RMB 5.9 billion ($6.9 billion). The local and foreign currency deposits rose by RMB 196.8 billion ($30 billion), of which RMB deposits increased by RMB 176.9 billion ($26.6 billion) while foreign deposits rose by RMB 3.3 billion ($0.5 billion).