China: Inflation hits nine-month high in October
November 9, 2017
In October, consumer prices rose 0.1% from the previous month, down from September’s 0.5% increase. The moderation in prices reflected lower prices for education, culture and recreation.
Inflation rose from September’s 1.6% to 1.9% in October. The print beat the 1.8% that market analysts had expected and the highest rate since January. Annual average inflation, meanwhile, steadied at 1.6% in October.
Producer inflation was stable at September’s 6.9% in October, overshooting market analysts’ expectations of 6.6%. Annual average producer inflation rose from September’s 5.7% to 6.2% in October, marking the highest reading since December 2011.