Chinese inflation data for October

CPI at 1.3% y/y (for the m/m the CPI is down 0.3% ... yes, minus 0.3% on the month. You spell it d-e-f-l-a-t-i-o-n)

  • expected +1.5%, prior was +1.6%
  • A 6-month low for the CPI

PPI at -5.9% y/y:

  • expected -5.9%, prior was -5.9%
  • 44th consecutive month for declines in the PPI

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Yes, I got the data slightly ahead of the 0130GMT scheduled release time (don't ask)

more to come