China CPI for June 0.0% y/y (expected 0.2%) & PPI -5.4% y/y (expected -5.0%)

<p>CPI and PPI both reflect weak demand in China. Both dropping from the May y/y figure. </p><p>June CPI 0.0% y/y</p><ul><li>expected +0.2%, prior +0.2%</li><li>for the m/m -0.2%</li></ul><p>June PPI -5.4% y/y … wholesale level deflation digs itself deeper into the hole</p><ul><li>expected -5%, prior -4.6%</li><li>for the m/m, -0.8%</li></ul><p>USD/CNH popped on the data:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.