UOB Group’s Economist Ho Woei Chen, CFA, gives her opinion on the latest set of inflation figures in the Chinese economy. Key Quotes “China’s Consumer Price Index (CPI) rose 2.7% y/y in July… This was led by higher food price inflation while core inflation (excluding food and energy) slipped further to 0.5% y/y from 0.9% in June, indicating that demand remains weak.” “Producer Price Index (PPI) deflation eased to -2.4% y/y in July from -3.0% y/y in June… PPI has been in the negative in 12 out of 13 months to July.” “Year-to-date, China’s CPI was up 3.7% y/y. The pick-up in July headline CPI is unlikely to be sustained in coming months due to still weak demand conditions and the high base of comparison in 2019 while high pork prices and weather-induced increase in food prices are expected to ease. We now expect full-year CPI inflation at 3.1% compared to our earlier forecast of 3.5%.” “Weak price pressures will maintain room for accommodative monetary policy but further easing will be limited given recovery in the macroeconomic data.” 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/CAD drops below 1.3300 as WTI continues to push higher FX Street 2 years UOB Group’s Economist Ho Woei Chen, CFA, gives her opinion on the latest set of inflation figures in the Chinese economy. Key Quotes “China’s Consumer Price Index (CPI) rose 2.7% y/y in July... This was led by higher food price inflation while core inflation (excluding food and energy) slipped further to 0.5% y/y from 0.9% in June, indicating that demand remains weak.” “Producer Price Index (PPI) deflation eased to -2.4% y/y in July from -3.0% y/y in June... PPI has been in the negative in 12 out of 13 months to July.” “Year-to-date, China’s CPI was up 3.7% y/y. The… 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.
