China’s consumer inflation unexpectedly decelerated to a 33-month low on slowing food-price gains while producer-price deflation eased in a sign industrial demand is rebounding. The consumer-price index rose 1.7 percent in October from a year earlier, the National Bureau of Statistics said today in Beijing. That was below the median estimate of analysts surveyed by Bloomberg News and compared with 1.9 percent in September. Producer prices declined 2.8 percent from a year earlier after a 3.6 percent drop in September. Today’s report may offer some comfort to China’s leaders meeting this week for a once-a-decade power ... (full story)