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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.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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