Consumer and producer inflation from China for October

CPI 1.9% y/y - above expected

  • expected 1.8%, prior 1.6%
  • +0.1% m/m
  • food price inflation -0.4% y/y (0.0%, i.e. no change, m/m)
  • non-food +2.4% y/y

PPI 6.9% y/y - well above expected

  • expected 6.6%, prior 6.9%
  • +0.7% m/m
  • Surging prices at the producer level likely this month on pollution curbs leading to reduced output

I'll have more info on this to come on this separately