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China February inflation data: CPI 1.0% y/y (expected 1.9%) & PPI -1.4% y/y (exp. -1.3%)

China February inflation data: CPI 1.0% y/y (expected 1.9%) & PPI -1.4% y/y (exp. -1.3%)

China data for February 2023. Inflation well under target according to the official surveys.

CPI

  • -0.5% m/m vs. +0.2% expected and +0.8% in January
  • +1.0% y/y vs. expected +1.9% and +2.1% in January

PPI

  • 0.0%, flat, m/m
  • -1.4% y/y vs. expected -1.3% and -0.8% in January

more to come

Inflation is no impediment to further stimulus from Chinese authorities. The incrementally lower GDP target for this year has lessened the p... Read More

Posted: Mar 9 2023, 01:30
Author Name: forexlive
Views: 110641

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