China April inflation: CPI 2.1% y/y (expected 1.8%)

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China April inflation: CPI 2.1% y/y (expected 1.8%)

Both CPI and PPI have come in higher than the consensus estimate. China CPI 2.1% y/y

     expected 1.8%, prior 1.5%for the m/m +0.4% (expected +0.2%, prior 0.0%)



   

PPI 8.0% y/y

    expected 7.7% y/y, prior 8.3%m/m is +0.6%


Despite the higher than expected CPI its still well within the PBOC target range and thus leaves plenty of space for further monetary policy easing steps. 

Source: China April inflation: CPI 2.1% y/y (expected 1.8%)

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