The latest statistics for the consumer price index (CPI) and producer price index (PPI) indicates that persistent deflationary pressure remains in China, according to economists.

In October 2015, the CPI rose by 1.3 per cent year-on-year, yet decreased 0.3 per cent month-on-month, according to the latest statistics released by the National Bureau of Statistics (NBS).

These latest figures came in below expectations of a 1.5 per cent rise according to a Reuters poll of economists.

The PPI for manufactured goods decreased 5.9 per cent year-on-year, and decreased 0.4 per cent month-on-month, according to statistics by the NBS.

The total value of imports and exports continued to decrease in October, showing that domestic and foreign demands are still in an unstable situation, said Wen Bin, principal researcher at China Minsheng Banking Corp.

China's consumer inflation moderated even further, while producer prices extended their decline for the 44th straight month, demonstrating persistent deflationary pressure in China, said Zhang Qizuo, an economist working on the strategic development of the G20 and emerging economies.

The slow growth rate in the global economy, the continuous decline of global commodity prices, the slowdown of Chinese economy and structural reform in traditional industries have lead to deflationary pressure, according to Zhang.

Zhang also mentioned that China's 13th Five-Year Plan will contribute to further reform in economy and help China's economy grow at a mid-high level.