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CHINA PRESS: China CPI Up 0.3% In October, Slower Than September

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

China’s CPI reached 0.3% in October, down from 0.4% previously, as the impact of extreme weather subsided and supply remained stable, according to analysts at China Merchants Macro. Vegetable and fresh fruit prices ended an upward trend, with vegetable prices returning to July levels, the analysts noted. An increase in pork supply due to high slaughter levels further weakened the year-on-year CPI support. Despite a strong consumer market during the National Day holiday in October, buyers held a cost-effective consumption pattern which limited the upward effect on prices.

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China’s CPI reached 0.3% in October, down from 0.4% previously, as the impact of extreme weather subsided and supply remained stable, according to analysts at China Merchants Macro. Vegetable and fresh fruit prices ended an upward trend, with vegetable prices returning to July levels, the analysts noted. An increase in pork supply due to high slaughter levels further weakened the year-on-year CPI support. Despite a strong consumer market during the National Day holiday in October, buyers held a cost-effective consumption pattern which limited the upward effect on prices.