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REPEAT: MNI: China OCT CPI, PPI Both Rise Above Expectations

     BEIJING (MNI) - Data released Thursday by the National Bureau of Statistics
on China's Consumer Price Index (CPI) and Producer Price Index (PPI):
                         CPI           PPI
------------------------------------------
October                  1.9           6.9
Forecast Median          1.8           6.6
Previous                 1.6           6.9
     All figures year-over-year % change unless otherwise indicated
     FACTORS:
                             Oct          Sep
---------------------------------------------
CPI m/m                     +0.1         +0.5
Food price y/y              -0.4         -1.4
Non-food price y/y          +2.4         +2.4
PPI m/m                     +0.7         +1.0
     CONSUMER PRICE INDEX
     China's Consumer Price Index rose 1.9% year-on-year in October, above the
MNI survey median forecast for a 1.8% rise  and higher than the 1.6% rise in
September.  The October rate was the highest since January this year (2.5%). 
     Food prices fell 0.4% y/y in October, the ninth decline in a row, following
a 1.4% y/y drop in September. 
     Non-food prices rose 2.4% year-on-year in October, the same rise posted in
September. 
     The CPI slowed to +0.1% m/m last month after a 0.5% gain in September. CPI
has risen m/m for four consecutive months.  
     PRODUCER PRICE INDEX
     China's Producer Price Index rose 6.9% year-on-year in October, the same
rate as in September and confounding the MNI survey median expectation for it to
slow to 6.6%. October marks the 14th consecutive month that the PPI rate has
been positive since it exited negative territory in September 2016.
     On a month-over-month basis, the PPI rose 0.7% in October compared to a
1.0% gain the month before. October PPI has risen m/m for four consecutive
months. 
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MTABLE,MAQDS$,M$A$$$,M$Q$$$,MT$$$$]

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