China inflation data for May: CPI 2.7% y/y (expected 2.7% ) and PPI 0.6% y/y (expected 0.6%

Chinese May month 2019 inflation

CPI 2.7% y/y , in line with the central esitiamte and its highest since Feb of 2018.

• expected 2.7% y/y, prior 2.5%
• 0.0% change m/m

PPI 0.6% y/y, in line

• expected 0.6% y/y, prior 0.9%
• +0.2% m/m

Food CPI +7.7% y/y - I mentioned earlier 9a reminder ewlly) how higher pork prices are impacting on this component.

Non food is +1.6% y/y, much more subdued at the core measure.

more to come