China CPI and PPI for July
CPI 1.6% y/y
– expected +1.5% y/y, prior was 1.4%
– For the m/m, up 0.3%
PPI -5.4% y/y
– expected -5.0% y/y, prior was -4.8%
6-year low for the PPI. Deflation very much evident. CPI is still low. Inflation will be not be a factor hindering further stimulus, if the authorities go down that path.
China July CPI ( 1.6% y/y vs. 1.5% expected) and PPI (-5.4% y/y vs. -5.0% expected)
