SINOLINK SECURITIES believes that the cardinal utility is the main factor that pushed up the year-on-year CPI increase in October, coal and other bulk commodity continue to drive PPI price rising.

国金证券认为，基数效应是推高10月CPI同比涨幅的主要因素，煤炭等大宗继续带动PPI价格上涨。

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To the extent the individuals consider recessions to be a period of increased leisure, the bulk of the leisure increase shows up as an increase of time in these two categories.

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Economists at RBS warned that the bulk of the increase came in the more volatile multi-family segment, which was up 31%.

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