China February inflation data: CPI 1.0% y/y (expected 1.9%) & PPI -1.4% y/y (exp. -1.3%) | Forexlive
China data for February 2023. Inflation well under target according to the official surveys.
CPI
- -0.5% m/m vs. +0.2% expected and +0.8% in January
- +1.0% y/y vs. expected +1.9% and +2.1% in January
PPI
- 0.0%, flat, m/m
- -1.4% y/y vs. expected -1.3% and -0.8% in January
more to come
Inflation is no impediment to further stimulus from Chinese authorities. The incrementally lower GDP target for this year has lessened the prospect of flood like stimulus though.