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China August inflation: CPI 0.1% y/y (vs. expected 0.2%) & PPI -3.0% y/y (expected -3.0%)

China August inflation: CPI 0.1% y/y (vs. expected 0.2%) & PPI -3.0% y/y (expected -3.0%)
China’s consumer-price index and producer-price index from the National Bureau of Statistics.higher services prices (prices of air tickets, tourism and accommodation rose over the summer holiday season) dragged CPI up from its negative return in the previous monthneverthelss CPI came in lower than the surveyed consensus of expectations from economistsfood prices fell 1.7% y/y in the month, the same as in Julynonfood prices +0.5% y/yChina’s core CPI excludes volatile food and energy prices, it j... Read More
Posted: Sep 9 2023, 02:35
Author Name: forexlive
Views: 092095

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