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Chinese inflation and producer prices grow in October

Staff Writer | November 10, 2016
Chinese inflation rose in line with expectations in October while producer prices surged past forecasts.
Chinese inflation
Asia   The National Bureau of Statistics:
The consumer price index increased an annualised 2.1% in October following 1.9% growth the previous month, the National Bureau of Statistics said. Growth was driven by a rise in food prices which picked up to 3.7% from 3.2%.

Non-food inflation also edged up to 1.7% from 1.6%.

The producer price index jumped 1.2% year-on-year compared to just 0.1% in September and estimates of 0.8%, boosted by an increase in the price of industrial commodities, including rising coal prices.


 

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