Chinese PPI Topped in September

The National Congress marks a turning point for China in many ways, including a number of economic data points. Another dip in the PPI along with the action in the financial markets the past week could cement the September reading as the peak in PPI for this cycle.

NBS: 2018年1月份工业生产者出厂价格同比上涨4.3%

CPI dipped as well, but Spring Festival plays a role. It is more than two weeks later this year, pushing the holiday spending into February. The yoy comparison will be against a 0.2 percent decline in February; the headline should come in over 2 percent.
NBS: 2018年1月份居民消费价格同比上涨1.5%

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