China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected
China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period.
Chinese CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall.
China’s Producer Price Index (PPI) rose 4.1% YoY in June, following a 3.9% increase in May. The data came in line with the market consensus.
Market reaction to China’s CPI, PPI data
The China-proxy Australian Dollar (AUD) edges slightly lower following the China’s CPI and PPI data. At the press time, the AUD/USD pair is down 0.01% on the day to trade at 0.6927.
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