China’s CPI inflation arrives at 0% YoY in September vs. 0.2% expected
|China’s Consumer Price Index (CPI) stagnated at 0% YoY in September after accelerating by 0.1% in August. The market expected an increase of 0.2%.
Chinese CPI inflation rose to 0.2% over the month in September versus the 0.3% decrease seen in August and a rise of 0.3% anticipated.
China’s Producer Price Index (PPI) dropped 2.5% YoY in September, compared with a 3.0% decline registered previously. The market forecast was for a 2.4% decline in the ninth month of the year.
Market reaction
At the time of writing, AUD/USD is a liitle affected by the key Chinese data release, keeping its range at around 0.6325, up 0.17% on the day.
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