China's October PPI Surges 13.5%... CPI Rises 1.5% (Update)

[Asia Economy Reporter Cho Hyun-ui] On the 10th, the National Bureau of Statistics of China announced that China's Producer Price Index (PPI) for October surged 13.5% year-on-year.

The PPI, which exceeded the market forecast of 12.3%, set a record high since statistics began in 1996. Following the record high last month, it broke the record again within a month.

The Consumer Price Index (CPI) rose 1.5% during the same period. The market forecast was 1.4%. Bloomberg reported, "The CPI rose at the fastest pace since September last year."

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