China Consumer Prices Unexpectedly Rise on Holiday Demand (2)

China’s consumer prices unexpectedly increased in October, as holidays during the month boosted travel, food and transport demand — a pick-up many economists saw likely as fleeting.

The consumer price index rose 0.2% from a year earlier, after a 0.3% decline in September, according to data released by the National Bureau of Statistics on Sunday. The median forecast of economists surveyed by Bloomberg was for a 0.1% drop. China’s core CPI, which excludes volatile items such as food and energy, climbed 1.2%.

Service costs also edged up 0.2% last month and contributed to the rise in inflation, according to the ...