9 Aug 2013
China CPI in-line m/m and lower-than-expected y/y; PPI light as well
FXstreet.com (Barcelona) - China's key inflation data came in slightly on the light side - hinting that inflation need not be a concern right now.
China’s Consumer Price Index for the month of July came in-line with market expectations, with the monthly read at 0.1% vs 0.1% expected in a Reuters poll and 0% in June. On a yearly basis, July saw the CPI stand at +2.7% s 2.8% expected, with the prior February read at +2.7. With regards to the China PPI YoY, it came slightly lower-than-expected at -2.3 vs -2.2% estimates and-2.7% the prior month. The data points at very limited, if any, inflation pressure at this time.
China’s Consumer Price Index for the month of July came in-line with market expectations, with the monthly read at 0.1% vs 0.1% expected in a Reuters poll and 0% in June. On a yearly basis, July saw the CPI stand at +2.7% s 2.8% expected, with the prior February read at +2.7. With regards to the China PPI YoY, it came slightly lower-than-expected at -2.3 vs -2.2% estimates and-2.7% the prior month. The data points at very limited, if any, inflation pressure at this time.