The growth rate of real estate investment declined. From January to October, the investment of real estate was 9,935 billion yuan nationwide, a year-on-year increase of 9.7%, and the growth rate dropped 0.2 percentage points than that from January to September. Among that, residential building investment was 7,030 billion yuan, an increase of 13.7%, and the growth rate dropped by 0.3 percentage points. Residential building investment accounted for 70.8% of real estate investment.
Market prices rose moderately. In October, national consumer price index (CPI) rose by 2.5% year-on-year, which was the same as that of the last month, up 0.2% on a month-on-month basis. In terms of different categories, prices of food, tobacco and wine rose by 2.9% year-on-year, clothing 1.4%, housing 2.5%, household goods and services 1.5%, transportation and communications 3.2%, education, culture and entertainment 2.5%, health care 2.6%, and other supplies and services 1.3%. From January to October, national CPI rose by 2.1% on a year-on-year basis.
Industrial product prices fell in growth rate. In October, national Producer Price Index (PPI) rose by 3.3% year-on-year, which was 0.3 percentage points lower than that of the previous month and was up 0.4% on a month-on-month basis. The purchasing price index for industrial products rose by 4% year-on-year and 0.7% month-on-month. From January to October, the PPI rose by 3.9%, and the purchasing price index for industrial products rose by 4.5% on a year-on-year basis.