China CPI inflation Outlook: China Consumer Price Index (CPI) was unchanged in July from a year ago after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.
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Chinese CPI inflation came in at 0.4% MoM in July versus June’s 0.1% decrease.
China’s Producer Price Index (PPI) fell 3.6% YoY in July, following a 3.6% decline in May. The data came in lower than the market consensus of -3.3%.
Market reaction to China CPI inflation data
At the press time, the AUD/USD pair is down 0.02% on the day to trade at 0.6520.