-
China’s continued deflationary pressure supports case for monetary easing
China's CPI inflation edged up in September, but the economy remained in deflation. The main reason is a continued slide in food prices down to -4.4% YoY, a 20-month low. This is, in part, base effect-driven, as MoM prices actually picked up 0.7%. The primary culprit has been pork (-17%), which is currently in a downward trend and likely to continue dragging food inflation for several more months. On a YoY basis, we continued to see notable drags from vegetable (-13.7%), egg (-11.9%), and fruit (-4.2%) prices despite MoM gains for each of these categories. The drag from these categories may persist in October, but ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
China’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment. The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper ...
I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution. As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.
BESSENT: U.S. HAS LOTS OF LEVERS THAT IT CAN PULL ON CHINA TRADE BESSENT: WE DON'T WANT TO DECOUPLE FROM CHINA BESSENT: ONLY THING SLOWING U.S., TRUMP DOWN IS GOVERNMENT SHUTDOWN WE WILL BE ABLE TO MAKE PAYCHECKS FOR MILITARY PERSONNEL U.S. GOVERNMENT IS BEING HELD HOSTAGE BY SENATOR SCHUMER'S POLL NUMBETRS I'VE SEEN NUMBERS THAT SHUTDOWN IS HURTING ECONOMY BY $15 BILLION A DAY US Trsy Sec Bessent: Will Be A Group Response To Chine - Lower Level China Trade Person Li ‘Unhinged’ In Aug - China Trying To Backfill Narrative On Rare Earth Move - Chinese Were Planning To Erect New Barriers, We Don't Want To Escalate BESSENT: WE ARE WORKING ON A MEETING, PRESIDENT TRUMP IS A GO ON MEETING WITH XI BESSENT: TRUST BETWEEN TRUMP AND XI IS A REASON THAT THIS HASN'T ESCALATED BESSENT: TRUST BETWEEN TRUMP AND XI IS A REASON THAT THIS HASN'T ESCALATED
