China May CPI 0.3% y/y (expected 0.4%) and PPI -1.4% y/y (expected -1.5%)

June 12, 2024 at 02:30AM
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.