Weekend inflation data from China - CPI up (7 year high) PPI down

Author: Eamonn Sheridan | Category: News

China's consumer price index (CPI) hit at 7 year high at  3.8% y/y in October, vs. 3% the previous month

  • Pork prices continued gaining amidst the swine flu epidemic. Core CPI (excludes food and energy prices) gains were not as dramatic.
PPI down 1.6% y/y vs. down 1.2% in Sep. This will continue to be a negative for business profitability. 
  • falling raw material prices
Background to this data is, of course, trade war negotiations and ongoing (perhaps increasing?) stimulus from Chinese authorities. 

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