China’s CPI inflation drops to -0.2% YoY in October vs. -0.1% expected

Dhwani Mehta FXStreet

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.

Author

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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