Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

China’s CPI up 2.5% while producer prices moderate further in October

Consumer Price Index increased 2.5% from a year ago for last month, in the same pace of increase in September while producer prices continued to moderate on slacking economic momentum.

bg_trader_charts_333140039

China’s consumer prices rose for the fifth straight month in October on a year-on-year basis, in line with market expectations.

Consumer Price Index (CPI) increased 2.5% from a year ago for last month, in the same pace of increase in September, China’s National Bureau of Statistics said on Friday. Experts in a Reuters poll had expected a 2.5% gain.

Food prices were up by 3.3% from a year ago while non-food prices rose 2.4%.

Month-on-month, consumer prices edged up 0.2%, easing from the 0.7% increase in the previous month as the winter season creeps in.

Prices of industrial products for the domestic market moderated from the previous month, with the Producer Price Index rising 3.3% in October year-on-year, matching analysts’ expectations. In September, producer prices slowed to rise by 3.6% from August’s 4.1% increase.

Experts had predicted a slower rise in producer prices amid slacking economic momentum and China's ongoing trade conflict with the United States. For the third quarter, China’s economy grew at the weakest pace since the first quarter of 2009.

China’s consumer inflation target for this year is at 3.0%, in the same pace of increase as last year. The government has said that consumer prices are expected be on a reasonable pace of increase, with no sudden surprises.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about