Nobody does it like China. Inflation exploded in October:
In October 2019 , the national consumer price rose by 3.8% year-on-year . Among them, the city rose 3.5% , the rural rose 4.6% ; the food price rose 15.5% , the non-food price rose 0.9% ; the consumer price rose 5.2% , and the service price rose 1.4% . 1 – 10 on average, the national consumer prices rose year on year by 2.6% .
In October , the national consumer price rose by 0.9% from the previous month . Among them, the city rose 0.8% , the rural rose 1.2% ; food prices rose 3.6% , non-food prices rose 0.2% ; consumer prices rose 1.4% , service prices were flat.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
