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

CPI and PPI both reflect weak demand in China. Both dropping from the May y/y figure.

June CPI 0.0% y/y

• expected +0.2%, prior +0.2%
• for the m/m -0.2%

June PPI -5.4% y/y … wholesale level deflation digs itself deeper into the hole

• expected -5%, prior -4.6%
• for the m/m, -0.8%

USD/CNH popped on the data: