The data is here:
China August 2024 CPI +0.6% y/y (expected +0.7%)
As a recap:
consumer inflation picked up, rose for a seventh consecutive monthCPI was below expectationsthe month saw supply constraints caused by abnormal weatherbut concern persists over limp demand
Core CPI (strips out food and energy prices) rose 0.3% y/y, a second consecutive month of slower rise (July was 0.4, June was 0.6, May was 0.6).
As for PPI, factory-gate prices in August fell for a 23rd straight month of contraction, at a much faster than expected pace.
This article was written by Eamonn Sheridan at www.forexlive.com.
