Is inflation finally back? That may be a tad early to claim, but China has just released some surprising data showing prices rising more than expected.
The country's consumer prices rose 1.9 per cent in September from a year earlier, stronger than the 1.6 per cent rise economists were expecting.
Even more remarkable producer prices rose in September for the first time in nearly five years, also beating market expectations.
Producer prices edged up 0.1 per cent from a year earlier, the National Bureau of Statistics said on Friday, compared with the previous month's fall of 0.8 per cent. It marked the first growth in PPI since January 2012.
China consumers likely to spend up!!!
DFM Price at posting:
95.0¢ Sentiment: Buy Disclosure: Held
