China's CPI/PPI results - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    China’s consumer price inflation rose less than expected in March, flattening out after a four-month strengthening trend.

    Key Quotes:

    "...but wholesale prices remained stubbornly in deflation."

    "CPI in March rose 2.3%y/y, below consensus forecast of 2.5% but equal to February’s increase of 2.3%, as food prices jumped 7.6%."

    "Producer prices fell 4.3%y/y in March, extending their decline to a full four years, but at a slower rate than forecasts of a 4.6% decline and the 4.9% drop in Feb, as prices remain weighed down by weak commodity prices and overcapacity in key industrial sectors."
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