China producer inflation rises to 5.7% as consumer prices slow
October’s producer price index beat economists’ expectations, while consumer inflation eased to 0.7% year on year from 0.9% the previous month.
China’s producer price index rose 5.7% in October, above the 5.3% economists polled by Reuters had expected. CNBC
Consumer inflation was 0.7% year on year, below the 0.8% expected and down from 0.9% previously. investingLive
The combination of higher producer prices and soft consumer inflation points to cost pressures alongside weak domestic demand, according to investingLive. investingLive