Market news
16.10.2020, 12:58

China: Inflation now seen rising at a slower pace in 2020 - UOB

FXStreet reports that UOB Group’s Economist Ho Woei Chen, CFA, reviewed the latest inflation figures in the Chinese economy.

“China’s inflation continued to moderate in September on the back of easing food prices. The Consumer Price Index (CPI) rose 1.7% y/y... Food price inflation eased to 7.9% y/y from 11.2% y/y in August while core inflation (excluding food and energy) was unchanged for the third consecutive month at 0.5% y/y. The higher base of comparison is expected to drive headline inflation down further in 4Q with full-year averaging around 3.0% compared to 3.3% y/y in the first nine months.”

“Producer Price Index (PPI) fell at a marginally larger pace of -2.1% y/y... Headline PPI deflation is likely to continue for the rest of the year but may narrow with firming global demand and commodity prices.”


© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location