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China April CPI 0.1% y/y (expected 0.4%) & PPI -3.6% y/y (expected -3.2%)

Inflation data out of China for April 2023CPI +0.1% y/y, lowest since February 2021expected 0.4%, previous 0.7%and -0.1% m/m (expected 0.0%, previous -0.3%)PPI -3.6% y/y, biggest drop since May of 2020, down for the 7th consecutive monthexpected -3.2%, previous -2.5%-0.5% m/mLow inflation in China is no barrier to further economic stimulus, should that path be chosen. This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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Posted: May 11 2023, 01:30

Author Name: forexlive

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