The China’s CPI consumer price index was unchanged at 0% MoM in September, below the 0.3% expected, according to data published by the National Statistics Office of China showed today.
On an annual basis, China’s CPI fell to 0.7% year-on-year in September, down from 0.8% the previous month and below estimates of a rise to 0.9%.
Secondly, the PPI producer price index rose 10.7% in September from 9.5% the previous month and above the 10.5% expected. This lecture it’s the fastest pace since 1995.
About the CPI consumer price index
The change in employment published by the Australian Bureau of Statistics is an estimate of the number of unemployed in Australia. In general, an increase in this indicator has positive implications for consumer spending, which stimulates economic growth. A result above expectations is bullish for the Australian dollar, while a result below the market consensus is bearish.
About the IPP producer price index
The Producer Price Index (PPI), published by the Chinese National Bureau of Statistics, is an estimate of the inflation rate experienced by producers. The report shows the changes in the prices of raw materials in all its phases until the finished product is achieved. Generally a favorable reading is considered positive (or bullish) for the CNY, while an unfavorable reading is considered negative (or bearish) for the CNY.
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