China inflation data for February
– CPI 2.3% y/y, vs. expected 1.8%, prior was 1.8%
– PPI -4.9% y/y, vs. expected -4.9%, prior was -5.3%.
Much higher CPI than expected, fastest increase since July of 2014, but the CPI is still below the government’s 3% target
China: February CPI 2.3% y/y (expected 1.8%) & PPI -4.9% y/y (expected -4.9%)
