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.”
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