Weekend news: China CPI -0.5% y/y vs -0.1% expected

<ul><li>CPI -0.5% vs -0.1% </li><li>Prior was -0.2%</li><li>CPI m/m -0.5% vs -0.1% expected</li><li>Prior was -0.1% m/m</li></ul><p>This report underscores how much space that China has for monetary policy easing but also underscores how sluggish the post-covid economy has been. Mixed in with that has been remarkably strong demand for iron ore, which is hard to square with a construction slowdown. As always, China's economy remains a mystery.</p><ul><li>PPI -3.0% y/y vs -2.8% expected</li><li>Prior PPI -2.6% y/y</li></ul>

This article was written by Adam Button at www.forexlive.com.