China inflation figures for June. CPI 1.1% y/y (expected 1.3%), PPI 8.8% y/y (expected 8.8%)

China inflation figures for June

• China CPI 1.1% for the y/y vs. expected 1.3% y/y, prior 1.3%

• China CPI -0.4% m/m vs. expected 0.0% m/m, prior -0.2%

• PPI is at 8.8% y/y as expected, prior 9.0%

• PPI 0.3% m/m

CPI y/y (above the zero line) and m/m (below)

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Background:

• China June inflation data due Friday 9 July 2021 - another surge for producer prices