China wholesale inflation hits highest in more than four years as consumer measure slows
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.
Producer prices in China grew at the fastest rate since June 2022, accelerating for the third month in a row.
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.
Consumer inflation in China slowed to 0.7% in October, its first deceleration after two straight months of increases.
The figure missed expectations of a 0.8% rise from economists polled by Reuters, and was lower than the 0.9% seen in September.
The Chinese economy has shown some signs of expansion recently. It grew faster than expected in the third quarter, and September saw a sharp beat in retail sales.
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- CNBC9 Nov, 03:50
| Publisher CNBC (reference tier) | +82 |
| Checkable figures cited | +3 |
| Total | 85 |
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