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UK CPI increased by 0.9%, less than expected

The Consumer Prices Index (CPI) rose by 0.9% in the year to October 2016, compared with a 1.0% rise in the year to September. Although the rate was slightly lower than in September 2016, it remained higher than the rates otherwise seen since late 2014. The main downward contributors to the change in the rate were prices for clothing and university tuition fees, which rose by less than they did a year ago, along with falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages. These downward pressures were offset by rising prices for motor fuels, and by prices for furniture and furnishings, which fell by less than they did a year ago.

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China's CPI increased by 2.1%

China’s factory-gate inflation picked up further last month while consumer prices accelerated, suggesting government efforts to reduce overcapacity have gained some traction and alleviating a source of global disinflationary pressure.Producer-price index rose 1.2 percent in October from a year earlier, compared with a 0.9 percent increase estimated by economists in a Bloomberg survey. Consumer-price index increased 2.1 percent, matching the gain forecast by analysts.

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Eurozone PPI rose 0.1%

In September 2016, compared with August 2016, industrial producer prices rose by 0.1% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2016 prices fell by 0.2% in both zones. In September 2016, compared with September 2015, industrial producer prices decreased by 1.5% in the euro area and by 1.1% in the EU28.

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Australian PPI rose less than expected

Australian PPI rose 0.3% in the September quarter 2016. The raise was mainly due to rises in the prices received for other agriculture which includes bananas, beans and tomatoes (+8.3%), sheep, beef cattle and grain farming; and dairy cattle farming (+11.9%) and electricity supply, gas supply and water supply, sewerage and drainage services (+1.7%).

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