China: Inflation up but prices down – ANZ

Dhwani Mehta FXStreet

Analysts at Australia and New Zealand Banking Group (ANZ) provide their review on Saturday’s Chinese inflation report.

Key Quotes:

“China saw its consumer price index rise to 3.8% y/y, higher than the 3.4% y/y increase expected for October. Core CPI inflation held firm at 1.5% y/y.

Higher food prices bolstered the headline number, with pork prices up 101.3% y/y, up from the 69.3% y/y rise seen in September.

Meanwhile, following a 1.2% y/y decline in September, China’s producer price index fell by a further 1.6% y/y in October.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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