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Michael Pettis: China’s consumer price inflation rose 0.7 percent year on year in October

Michael Pettis: China’s consumer price inflation rose 0.7 percent year on year in October
China annual inflation up 0.7 percent

China’s consumer price inflation increased by 0.7 percent compared to the same month the previous year in October, and remained flat on a month-on-month basis.

Michael Pettis, economist and professor of finance, commented that given weak consumption so far this year, these inflation figures are unsurprising.

Pettis has previously commented on market shifts outside China, noting that Greece's economy experienced a decline in labor productivity and a move toward lower-productivity jobs. In September, he reported that China's passenger vehicle sales fell by 28.1 percent year-over-year, while car exports jumped 73.2 percent. These updates reflect his ongoing monitoring of economic and trade developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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