Consumer and producer inflation from China for October
CPI 1.9% y/y - above expected
- expected 1.8%, prior 1.6%
- +0.1% m/m
- food price inflation -0.4% y/y (0.0%, i.e. no change, m/m)
- non-food +2.4% y/y
PPI 6.9% y/y - well above expected
- expected 6.6%, prior 6.9%
- +0.7% m/m
- Surging prices at the producer level likely this month on pollution curbs leading to reduced output
I'll have more info on this to come on this separately
