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MNI BRIEF: China's Oct CPI Falls To 5 Month Low; PPI Declines

MNI (Singapore)
MNI (Beijing)

The Producer Price Index fell back into deflationary territory in October.

True

China's October Consumer Price Index fell to a five-month low of 2.1% y/y, slowing sharply from September's 2.8% y/y pace as consumer demand declined after the Golden Week holiday, data from the National Bureau of Statistics released on Wednesday showed.

The October CPI fell short of the median forecast for a 2.4% y/y rate, as a high base effect also helped steer down the pace of inflation more than expected.

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China's October Consumer Price Index fell to a five-month low of 2.1% y/y, slowing sharply from September's 2.8% y/y pace as consumer demand declined after the Golden Week holiday, data from the National Bureau of Statistics released on Wednesday showed.

The October CPI fell short of the median forecast for a 2.4% y/y rate, as a high base effect also helped steer down the pace of inflation more than expected.

Keep reading...Show less