China’s CPI inflation edges higher to 0.6% YoY in August vs. 0.7% expected
Trending Articles- International Oil Prices Retreat Rapidly; G-7 to Discuss Emergency Oil Reserve Release
- Senate to vote on Trump’s pro-Bitcoin Fed pick as BTC hits four-week high
- Gold slumps below $5,100 as US Dollar gains
- Crypto’s Great Recovery: Is the Post-Conflict Surge a Sustainable Rally or a Sophisticated Bull Trap?
- WTI recovers to near $86.50 as Strait of Hormuz remains closed
- Gold slumps to near $5,050 on oil-driven inflation fears, stronger US Dollar
China’s Consumer Price Index (CPI) rose at an annual pace of 0.6% in August after reporting a 0.5% growth in July. The market consensus was for a 0.7% increase in the reported period.
Chinese CPI inflation came in at 0.4% MoM in August versus July’s 0.5% acceleration, worse than the 0.5% estimate.
China’s Producer Price Index (PPI) declined 1.8% YoY in August, following a 0.8% drop in July. The data came in worse than the market forecast of -1.4%.
Market reaction to China’s inflation data
AUD/USD buyers appear unperturbed by the softer-than-expected Chinese inflation data, adding 0.19% on the day to trade at 0.6785, as of writing.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
