China’s producer and consumer price measures moved in different directions in October, CNBC reported, with the factory-price reading above the Reuters survey forecast as consumer inflation eased, presenting a split picture of price pressures.
CNBC reported a 5.7% reading for China’s producer price index (PPI) in October, above the 5.3% forecast in a Reuters survey.
China’s consumer inflation reading was 0.7% in October, below the 0.8% Reuters survey forecast and down from 0.9% in September, CNBC reported. It slowed for the first time after rising in each of the previous two months.
The figures pointed in different directions, with the PPI above its Reuters forecast while consumer inflation came in below its own.
