Breaking: China’s CPI inflation arrives at -0.1% YoY in March vs. 0.1% expected
Source Fxstreet
China’s Consumer Price Index (CPI) dropped at an annual pace of 0.1% in March after declining 0.7% in February. Markets estimated a 0.1% growth in the reported period.
Chinese CPI inflation came in at -0.4% month-over-month (MoM) in March versus February’s -0.2%, worse than the expected -0.2% figure.
China’s Producer Price Index (PPI) decreased 2.5% year-over-year (YoY) in March, following a 2.2% drop in February. The data came in below the market forecast of -2.3%.
Market reaction to China’s inflation data
more to come ....
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