ICYMI - China inflation data over the weekend showed CPI flirting with deflation ...Middle East

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ICYMI - China inflation data over the weekend showed CPI flirting with deflation
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Chinese inflation data for October was sneaked out over the weekend:China October CPI +0.3% y/y (expected +0.4%, prior +0.4%), deflation prospect lingersChinese authorities would like to see the CPI higher. If there was encouragement for them it was in core inflation which moved to +0.2% y/y in October from +0.1% in September. Lest they get too excited, though, headline CPI fell 0.3% m/m in October from flat in September. PPI, of course, remains a basket case. Check out that link for the deepening y/y figures. For the m/m it fel;l 0.1% in October from -0.6% in September. Maybe another ray of hope for authorities. Late September right through October and into November saw fresh stimulus annou

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