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
