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China inflation data for October is due at 0130 GMT - preview

China inflation data for October is due at 0130 GMT - preview

China inflation data snippet preview via ING:

  • October CPI should show inflation remaining very subdued due to weak consumption and as indicated by recent service sector PMIs even though the data is for October, the month of the Golden Week holidays. In contrast, PPI should be in year-on-year contraction but should show faster month-on-month growth from higher energy prices. Still, there is no inflation risk as producers cannot pass increased costs to consumers. Instead, this should... Read More
Posted: Nov 9 2022, 01:07
Author Name: forexlive
Views: 111592

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