Data on Chinese inflation is here from earlier today:
Recap via Reuters:
Consumer inflation picked up slightly
- led mainly by higher food prices
- pricing pressures were contained
- giving authorities the flexibility to ease monetary policy to shore up slowing growth
- China's inflation target is 3% for 2018
- PBOC governor Yi Gang (speaking on the weekend) said that CPI will likely come in about 2 percent and expects PPI between 3-4 percent
- "We expect headline inflation to hover around 2 percent over the coming year, but upside risks have increased," economists at Capital Economics wrote in a recent report. "Developments in the real economy should help to keep a lid on inflationary pressures over the months ahead."
PPI … factory-gate inflation cooled for a third straight month
- amid ebbing domestic demand
food price index increased 3.6 percent in September, up sharply
- due to extreme weather conditions such as seasonal typhoons, heavy rains and
