{"id":80781,"date":"2015-11-10T03:11:38","date_gmt":"2015-11-10T08:11:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=80781"},"modified":"2015-11-10T06:32:13","modified_gmt":"2015-11-10T11:32:13","slug":"rising-deflation-risks-in-china-after-soft-cpi-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/rising-deflation-risks-in-china-after-soft-cpi-data\/","title":{"rendered":"Rising deflation risks in China after soft CPI data"},"content":{"rendered":"<div id=\"inves-1422698736\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 10, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Deflation risks in China are increasing after softer CPI data released on Tuesday. The October headline inflation number disappointed at 1.3 %y\/y, down from 1.6% in September, largely on moderating food prices.<\/p>\n<p>On non-food items, recreation dropped to 1.1% (September: 1.4%), while medical price inflation picked up.<\/p>\n<p>More importantly, core inflation (excluding energy and food) moderated by a further 10bp to 1.5% y\/y, a worrying sign of rising deflation risks.<\/p>\n<p>PPI deflation was flat at -5.9% y\/y in October, the 44th straight month of contraction.<\/p>\n<p>The producer goods index edged up moderately to -7.6% (September: -7.7%) while the contractions in raw material and mining prices narrowed.<\/p><div id=\"inves-850408799\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The CPI data come a day after disappointing trade data, which point to more easing measures. Some analysts expect one more RRR cut in the fourth quarter and if inflation continues to slide next month, there is a risk of a 25bp benchmark rate cut before the year-end.<\/p>\n<p>The Australian dollar largely shrugged off downbeat Chinese price data that showed intensifying deflationary pressure. The Aussie stood at $0.7049, recovering from a one-month trough of $0.7016. China is a major trading partner for Australia.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Deflation risks in China are increasing after softer CPI data released on Tuesday. The October headline inflation number disappointed at 1.3 %y\/y, down from 1.6% in September, largely on moderating food prices. On non-food items, recreation dropped to 1.1% (September: 1.4%), while medical price inflation picked up. More importantly, core inflation (excluding [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-80781","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=80781"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80781\/revisions"}],"predecessor-version":[{"id":80793,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80781\/revisions\/80793"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}