- China’s CPI inflation drops to -0.2% YoY in October vs. -0.1% expected
Market news
9 November 2023
China’s CPI inflation drops to -0.2% YoY in October vs. -0.1% expected
China’s Consumer Price Index (CPI) dropped 0.2% YoY in October after stagnating at 0% in September. The market consensus was for a decrease of 0.1%.
Chinese CPI inflation declined to 0.1% over the month in October versus the 0% figure seen in September and a fall of 0.1% estimated.
China’s Producer Price Index (PPI) dropped 2.6% YoY in October, as against a 2.5% decline in September. The data bettered expectations for a 2.7% decline in the reported period.
Market reaction
At the time of writing, AUD/USD has shrugged off mixed Chinese data releases, holding higher ground near 0.6415, up 0.19% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page