Monday , November 23 2020

China October PPI + 3.3%, CPI + 2.5% both agree with expectations reuters



On November 9, the National Bureau of Statistics of China reported that the producer price index (PPI) in October was 3.3% in the previous year, decelerating from 3.6% in September. The picture was taken at a factory in Jiangsu province in July (2018 Reuters)

BEIJING (Reuters) – China's National Statistical Bureau revealed that the rise in producer price index (PPI) in October amounted to 3.3% y / y, from 3.6% in September. I did.

He agreed with an analyst waiting for a Reuters poll.

The consumer price growth index (CPI) was 2.5%, also in relation to market expectations.

China has set a target CPI growth rate for 2018. At 3% the same as last year.

The National Development and Reform Commission (NDRC) said last month that there was no upward trend in consumer inflation in China and that prices would remain reasonable.

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