China's Inflation To Ease In October - Daily

China’s inflation is expected to have eased in October, with the CPI likely to slow to between 2.2% and 2.5% year-on-year from September’s 2.8%, Securities Daily reported citing analysts. The PPI is expected to turn negative. CPI may cool as vegetable prices fell sharply in October, offsetting the impact of rising pork prices, while fuel costs tracked lower global energy prices as Covid outbreaks dampened travel demand and consumer spending, the newspaper said. PPI may record its first year-on-year decline in 22 months, with a possible decline of 1.2% due to a high base effect and lower commodity prices due to slowing global growth, the newspaper said citing Wang Qing, chief analyst at Golden Credit Rating.