PPI grows at slowest pace in 8 months

The producer price index (PPI) grew 6.6 percent in October - the slowest pace in eight months - giving the government more leeway to boost the economy.

The main gauge of factory-gate inflation was released yesterday amid gloomy economic prospects and a worldwide slide in energy and raw material prices.

Analysts say the October consumer price index, which will be released today, is also likely to ease as food prices moderate.