China inflation data for September:
CPI 1.9% y/y
– expected 1.6%
– prior 1.3%
– For the m/m, CPI up 0.7%
PPI 0.1% y/y …. yes that’s right … UP … PPI rises! That is the first time for the y/y above 0 for nearly 5 years (the last time it had a positive result was January of 2012)