China’s Inflation Slowest in Five Years

China’s key inflation gauge stabilized in October but remained at its slowest rate in five years, fresh data showed on Monday, adding to evidence the world’s second-largest economy is cooling.

The consumer price index (CPI) rose 1.6 percent from the year-ago period, in line with a Reuters forecast and unchanged from September.

Prices stayed flat on a monthly basis, compared with a 0.1 percent gain forecast and after rising 0.5 percent in the previous month.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza