China inflation data for March 2023
CPI 0.7% y/y
- expected 1%, prior 1%
- and for the m/m -0.3% (prior -0.5%)
PPI -2.5% y/y
- expected -2.5%, prior -1.4%
- 0.0% m/m
This data will leave plenty of room for stimulus efforts. New Premier Li Qiang will be very happy.
