China consumer inflation slows
China's consumer price index (CPI) rose 0.7% year over year in October, below market expectations of 0.8% and down from the previous 0.9% reading.
Monthly consumer prices remained unchanged at 0.0%, following a 0.2% increase in the previous period. Food prices fell 2.9% annually, while non-food prices increased 1.5%.
Meanwhile, the producer price index (PPI) increased 5.7% year over year, exceeding market expectations of 5.3% and accelerating from the previous 5.0% reading. Producer prices also rose 0.7% month over month. The figures suggested subdued consumer price pressures alongside strengthening inflationary pressures at the production level.
Comments