China data-September CPI: +1.6% y/y (expected +1.8%) and PPI -5.9% y/y (expected -5.9%)

China data-September CPI & PPI

CPI, in at +1.6% y/y

• expected +1.8% and prior was 2.0%

PPI, -5.9% y/y

• expected -5.9% and prior was -5.9% also

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PPI negative for 43 consecutive months now ... prices will be weighed upon while overcapacity is persistent and commodity prices remain on the soft side

Food price inflation eased back a little, giving us the lower CPI read