China's October producer price inflation exceeds expectations at 5.7%
- 1China's Producer Price Index (PPI) rose 5.7% in October.
- 2The figure was higher than the 5.3% expected by Reuters economists for October.
- 3China's consumer price inflation slowed to 0.7% in October after two months of increases.
So what's the key point?
The prices of goods produced in Chinese factories rose by 5.7%, which was higher than what experts predicted. This means the cost of goods increased more than expected.
Source Reuters +1 · View original ↗
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