Market Flux Event
China October PPI Surges to 5.7% as Consumer Inflation Cools Further
Read this in the Market Flux appChina's producer price index rose 5.7% year on year in October, beating the 5.3% forecast and accelerating from 5.0% in September, reaching its highest level since June 2022. The stronger-than-expected factory gate inflation signals building cost pressures in the industrial sector even as the broader economy faces weak demand.
Consumer prices told a different story, with CPI rising just 0.7% year on year in October, missing the 0.8% forecast and slowing from 0.9% the prior month. Month on month, CPI was flat at 0.0%, down from 0.2% in September. Core CPI, which strips out food and energy, also decelerated to 0.8% year on year against an estimate of 0.9% and a prior reading of 1.0%, underscoring persistent softness in underlying consumer demand.
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Sources
- FinancialjuiceChina October CPI rises 0.7% year on year, poll expected 0.8%
- BullTheoryioBREAKING: 🇨🇳 China's Inflation Rate YoY came in at 0.7% Expectations: 0.8% The inflation is cooling down.
- LiveSquawkChina CPI (Y/Y) Oct: 0.7% (est 0.8%; prev 0.9%) - Core CPI (Y/Y): 0.8% (est 0.9%; prev 1.0%)
- FirstSquawkCHINA PPI (Y/Y) OCT: 5.7% (EST 5.3%; PREV 5.0%)
- RedboxWireCHINA PPI (Y/Y) OCT: 5.7% (EST 5.3%; PREV 5.0%)
- Sino_Market🇨🇳JUST IN: China October Annual CPI 0.7% [Est. 0.8%] Monthly CPI 0.0% [Est. 0.0%] Annual PPI +5.7% [Est. 5.3%] Monthly PPI +0.7% [Prev. +1.2%] #CPI #China #Inflation #PPI #EconTwitter
- PiQMarkets🇨🇳 China PPI (YoY) (Oct) $CNY Actual: 5.7% Forecast: 5.3% Previous: 5%
- InvestingChina CPI inflation misses forecasts in Oct; factory-gate prices accelerate