FXStreet (Delhi) – Research Team at BBH, notes that China reported softer than expected inflation figures. October CPI slipped to 1.3% y/y from 1.6% (consensus 1.5%). Key Quotes “However, the headline rate masks the disinflation pressure that appears to be increasing. Food prices inflation slowed to 1.9% from 2.7%. Non-food prices rose 0.9%. Like other countries, a discrepancy between goods prices and service prices is evident. Consumer goods prices have risen 1% while service prices are increasing at twice the pace (1.9%). By way of comparison, note that the recent US CPI showed services prices rising 2.7% year-over-year in September.” “Chinese producer prices fell at the same pace (-5.9% y/y) as they did in September. Producer prices have fallen uninterrupted for nearly four years. The soft inflation figures fan expectations for further easing by the PBOC, perhaps before the end of the year.” For more information, read our latest forex news.