China October CPI 2.1% y/y (expected 2.4%) & PPI -1.3% y/y (expected -1.5%)

Inflation data out of China for October 2022

CPI +2.1% y/y

• expected 2.4%, prior 2.8%
• for the m/m comes in at +0.2% (expected +0.3%, prior +0.3%)

PPI -1.3% y/y

• expected -1.5%, prior 0.9%
• for the m/m comes in at +0.2%
• higher energy prices pushed the m/m up

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