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China’s latest consumer price index data measuring inflation showed a steady print in inflation. Official data released last week showed consumer prices rising 2.5% on the year in September 2018.
This was 0.7% higher on a monthly basis from August.
Producer price index which measures inflation at the factory gate, however, slowed for a third consecutive month sparking speculation that the economic momentum in the world’s second-largest economy might be cooling amid rising trade tensions with the United States.
China’s inflation is closely watched especially in the backdrop of the rising trade tensions. It is expected that the trade wars would prove to be costly for China which still relies on its exports.
The producer prices index is one indicator that is also closely observed. Official data showed that producer prices for September rose just 3.6% on the year ending September 2018. This was weaker compared to the August’s PPI reading of 4.1%. Economists polled ...
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