China September CPI 2.8% y/y (expected 2.8%) | Forexlive

Inflation data from China

CPI 2.8% y/y (Highest since April 2020)

• expected 2.8%, prior 2.5%
• food CPI +8.8% y/y, non-food +1.5% y/y
• more interesting is the m/m 0.3% (expected 0.4%, prior -0.1%)

PPI 0.9% y/y

• expected 1.0%, prior 2.3%
• -0.1% m/m

CPI is cracking higher, but still within the PBOC target band, leaving the Bank policy room should they desire. Gov Yi says more support is coming:

Offshore yuan update: