Analysts at TD Securities note that China’s CPI rose 2.8% y/y in August, the same as the previous month, but above consensus and TD’s forecast of 2.7% y/y. Key Quotes “CPI rose 0.7% m/m, largely due to food prices which gained 3.2% m/m as pork prices rose sharply by 23.1% m/m. Other meat products also rose by 15% m/m. The only silver lining is that most other components of CPI were benign, with CPI ex-food up only 1.1% y/y, its lowest since May 2016. This is unlikely to stand in the way of further targeted easing by PBoC even though headline CPI is likely to rise still further given the persistent upward pressure on pork prices due to African Swine Flu.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF technical analysis: 100-DMA, 0.9948/50 confluence question buyers FX Street 4 years Analysts at TD Securities note that China's CPI rose 2.8% y/y in August, the same as the previous month, but above consensus and TD's forecast of 2.7% y/y. Key Quotes "CPI rose 0.7% m/m, largely due to food prices which gained 3.2% m/m as pork prices rose sharply by 23.1% m/m. Other meat products also rose by 15% m/m. The only silver lining is that most other components of CPI were benign, with CPI ex-food up only 1.1% y/y, its lowest since May 2016. This is unlikely to stand in the way of further targeted easing by PBoC even though… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
