China CPI for June: +2.3% y/y
- expected +2.4%, prior was +2.5%
China PPI for June: -1.1% y/y
- expected -1.0%, prior was -1.4%
- 28th consecutive month producer prices have declined
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For the m/m:
- CPI -0.1%
- PPI -0.2%
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Little reaction to the CPI coming in below expectations and below last month’s result. AUD down a pip or three.
