China September CPI 0.7% y/y (expected 0.9%) PPI 10.7% (expected 10.5%)
China CPI 0.7% y/y vs. expected 0.9% y/y, prior 0.8%
PPI 10.7% y/y
- expected 10.5% y/y, prior 9.5%
- PPI fastest gain since 1995
The solid rises in wholesale prices are have so far not been passed on to consumers. this will pressure industry profits and in turn business capex ahead.
Yesterday was this:
The CPI level is not standing in the way of this.
Background to this: