» DE | Anytime | Flash | China’s October CPI and PPI Both Soared On Supply Strains – 11/09/2021 Decision Economics

DE | Anytime | Flash | China’s October CPI and PPI Both Soared On Supply Strains – 11/09/2021

Posted November 9, 2021 by rvillareal

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China’sConsumer Prices surged 1.5% YoY in October following a 0.7% rise in September, the highest since September 2020. While pork prices continued to fall, other food like fresh vegetables (15.9% YoY), fish (18.6% YoY) and eggs (14.3% YoY) soared. Higher energy prices also fueled headline inflation. Excluding Food and Energy, the Core CPI grew 1.3% YoY after a 1.2% rise.

Producer Prices continued to widen growth in October on soaring commodity prices, jumping 13.5% YoY after rising 10.7% and recording the fastest growth in 26 years.