China CPI for June 0.0% y/y (expected 0.2%) & PPI -5.4% y/y (expected -5.0%)
From forexlive.com
CPI and PPI both reflect weak demand in China. Both dropping from the May y/y figure. June CPI 0.0% y/y • Expected +0.2%, prior +0.2%. • For the m/m -0.2%. June PPI -5.4% y/y ... wholesale level deflation digs itself deeper into the hole • Expected -5%, prior -4.6%. • For the m/m, -0.8%. USD/CNH popped on the data: {chart}
(full story)
China’s June inflation data misses expectations
From cnbc.com
China’s producer prices sank more than expected, official data showed Monday, underscoring the challenges that beset the world’s second-largest economy in revitalizing growth momentum. Producer prices sank 5.4% in June from a year earlier, according to China’s National Bureau of Statistics. This was weaker than a Reuters poll that had expected a 5.0% decline, compared with the 4.6% decline in May. Annual consumer price inflation was flat in June, weaker than expectations for a 0.2% rise in a Reuters poll and the 0.2% rise in May. Monthly consumer price inflation in June was weaker 0.2%, weaker than expectations for ...
(full story)
China factory gate deflation deepens in June on weak demand
From channelnewsasia.com
China's factory gate deflation deepened in June and missed expectations, while consumer prices were unchanged, data showed on Monday, as a faltering post-COVID recovery weighed on demand. The producer price index (PPI) fell for a ninth consecutive month, down 5.4 per cent from a year earlier after a 4.6 per cent drop the previous month. That compared with a forecast for a 5.0 per cent fall. The consumer price index (CPI) stood was unchanged year-on-year, compared with the 0.2 per cent gain seen in May, the National Bureau of Statistics (NBS) said. The missed lagged the median estimate of a 0.2 per cent rise in a ...
(full story)