China June inflation data: CPI 2.7% y/y (expected 2.7%) & PPI 0.0% y/y (0.2% exp)

Data on June 2019 inflation from China

CPI 2.7% y/y

• expected 2.7% y/y, prior 2.7%
• -0.1% m/m

PPI flat at 0.0% y/y

• expected 0.2% y/y, prior 0.6%
• -0.3% m/m

The y/y reading for PPI is the lowest since August of 2016. This will weigh on industry profits ahead.