China CPI and PPI
- +2.0% for CPI, expected is +1.8%, prior was 1.6%
- -5.9% for PPI, expected is -5.6%, prior was -5.4%
-
Quick analysis from FastFT (subscription required, but well worth it IMO).
In brief:
CPI up at fastest pace in 13 months
- Inflation pressures are minimal as a result of low energy prices, the still-recovering housing market, and the overcapacity across many sectors of the economy
PPI still showing slack and overcapacity in the world's second largest economy
- Reflects the downturn in China's housing market