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Economics | Inflation
China’s October headline CPI inflation eased to 0.7% yoy (-0.2ppt mom), below consensus, as food deflation deepened. Core CPI inflation slowed to 0.8% yoy (-0.2ppt mom), with both goods and services inflation easing. Meanwhile, PPI inflation accelerated to 5.7% yoy (+0.7ppt mom), above consensus, led by mining and quarrying inflation. Overall, the data is mildly negative for markets, as the PPI inflation beat reflects upstream cost-push rather than stronger end-demand, intensifying margin pressure on downstream producers.
Top Stories
Economics | Inflation
China’s October headline CPI inflation eased to 0.7% yoy (-0.2ppt mom), below consensus, as food deflation deepened. Core CPI inflation slowed to 0.8% yoy (-0.2ppt mom), with both goods and services inflation easing. Meanwhile, PPI inflation accelerated to 5.7% yoy (+0.7ppt mom), above consensus, led by mining and quarrying inflation. Overall, the data is mildly negative for markets, as the PPI inflation beat reflects upstream cost-push rather than stronger end-demand, intensifying margin pressure on downstream producers.
Analyst
Key Indices



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