REPEAT: MNI: China Oct. CPI, PPI Both Rise Above Expectations

Repeats Story Initially Transmitted at 01:57 GMT Nov 9/20:57 EST Nov 8

     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; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com

--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com