Analysts at TD Securities note that China’s CPI rose by 3% y/y, 0.9% m/m, in September in line with their expectations, but slightly higher than consensus (2.9% y/y). Key Quotes “Once again the gain was due to pork prices which rose by 69.3% y/y but the monthly gain softened slightly to 19.7% m/m from 23.1% m/m previously. This drove overall food price inflation higher to 11.2% y/y. However, ex-food CPI continues to soften, falling to 1% y/y, its lowest since March 16.” “Moreover PPI continues to be in deflation, dropping -1.2% y/y, a factor that continues to weigh on company profits. Overall, the increase in pork prices is not filtering through into broader prices (except other meat) and will not prevent the PBoC from undertaking further targeted easing.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBA minutes make strong case for lower rates – Westpac FX Street 4 years Analysts at TD Securities note that China's CPI rose by 3% y/y, 0.9% m/m, in September in line with their expectations, but slightly higher than consensus (2.9% y/y). Key Quotes "Once again the gain was due to pork prices which rose by 69.3% y/y but the monthly gain softened slightly to 19.7% m/m from 23.1% m/m previously. This drove overall food price inflation higher to 11.2% y/y. However, ex-food CPI continues to soften, falling to 1% y/y, its lowest since March 16." "Moreover PPI continues to be in deflation, dropping -1.2% y/y, a factor that continues to weigh on company… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
