China's inflation hits 17-month lowChina's inflation rate hit a 17-month low of 4.0 percent in October October: see month. , down from 4.6 percent the previous month, the government said on Tuesday. The figure is the lowest since May last year, confirming a trend for weakening weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. inflation in the world's fourth-largest economy, as growth creation becomes more of a policy concern.
The consumer price data from the National Bureau of Statistics were released a day after China announced that wholesale prices -- another inflation gauge -- eased to 6.6 percent in October, down from 9.1 percent in September. Food prices, the main factor in driving up consumer prices in China recently, rose by 8.5 percent in October, down from 9.7 percent in September, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the bureau. China started out 2008 with inflation control at the top of its list of priorities, but with the trade surplus likely to shrink shrink Vox populi noun A psychiatrist this year, economic growth has become the dominant policy objective in Beijing. China unveiled a 586-billion-dollar stimulus stimulus /stim·u·lus/ (stim´u-lus) pl. stim´uli [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue. package this week, in the strongest indication yet that the government is concerned about the impact the global crisis has on domestic growth. In the first 10 months of the year, China's consumer price index increased 6.7 percent from the same period last year. 
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