China CPI 0.7% y/y vs. expected 0.9% y/y, prior 0.8%
PPI 10.7% y/y
- expected 10.5% y/y, prior 9.5%
- PPI fastest gain since 1995
For the m/m numbers, CPI 0.0% and PPI 1.2%
The solid rises in wholesale prices are have so far not been passed on to consumers. this will pressure industry profits and in turn business capex ahead.
Yesterday was this:
The CPI level is not standing in the way of this.
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Background to this:
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