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China producer prices rise 5.7% in October, fastest since 2022
CNBC reported China's October producer price index rose 5.7%, beating a 5.3% Reuters poll, while consumer inflation slowed to 0.7%.
China's producer prices rose 5.7% in October, the fastest increase since June 2022, according to CNBC, citing figures that beat a 5.3% estimate in a Reuters poll of economists1.
CNBC said the producer price index accelerated for a third consecutive month1. The same report said consumer inflation slowed to 0.7% in October, missing a 0.8% poll and down from 0.9% in September1.
CNBC framed the split as wholesale prices running hot while the consumer measure cooled after two months of increases1. The outlet said the Chinese economy has shown some signs of expansion, including faster-than-expected third-quarter growth and a sharp beat in September retail sales1.
The CNBC item was labeled breaking news and said readers should check back for updates1. It did not include a comment from Chinese officials or the full statistical release in the version reviewed1.
