- China’s April CPI +2.4% y/y (vs. 2.3% expected and 2.1% prior)
- China’s April PPI -2.6% y/y (vs. -2.3% expected and -1.9% prior)
From Bloomberg:
China’s consumer inflation stayed subdued in April while factory-gate price declines deepened, giving the government room to raise utility prices.
From Reuters:
China’s annual consumer inflation quickened to 2.4 percent in April from March’s 2.1 percent … above market forecasts and limiting room for loosening monetary policy to support sputtering economic growth.
Yep, we have a market!