China inflation data for July, CPI 2.8% y/y (2.7% expected) PPI -0.3% y/y (vs -0.1%)

Author: Eamonn Sheridan | Category: News

China data

 CPI 2.8% y/y 
  • 2.7% expected
  • prior 2.7%
PPI -0.3% y/y 
  •  -0.1% expected
  • prior 0.0%
CPI edging up, still within the PBOC target band but something to watch. Meanwhile, PPI dropping … what this means n the ground is lower business profits …. not a positive for China. 

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