China Inflation Statistics: Just 5.5% In October, Down From 6.5% In July

We had spotted several interesting statistics on how China's fight with inflation was turning out to be ugly - we spotted this today:

"Premier Wen Jiabao said prices had fallen further since October, adding to the view that policymakers will edge toward more pro-growth policies, although inflation is still too high to expect a cut in interest rates."

Statistics Source: NextBigFuture