CPI and PPI data from China’s National Bureau of Statistics (NBS) for May 2024
CPI -0.1% m/m
- prior +1.0%
CPI +0.3% y/y
- expected +0.4%, prior +0.3%
PPI +0.2% m/m
- prior %
PPI -1.4% y/y
- expected -1.5%, prior -2.5%
- a significant change from April’s number this, a much slower pace of deflation – it’ll be read as a sign that government efforts to support China’s economy are beginning to show ‘green shoots’
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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