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Chinese Producer Prices Tumble For 34th Month In A Row, Worst 'Deflation' Since Oct 2009
For the 34th month in a row, Chinese Producer Prices (PPI) fell YoY (dropping 4.3%, missing expectations of a 3.8% deflation). This is the biggest YoY drop in prices since October 2009 led by a 9.9% plunge in fuel costs. Chinese Consumer Prices are also showing continued deceleration with a 0.8% rise YoY (missing expectations of a 1.0% rise YoY) - the weakest CPI low-flation since November 2009. Great news for the average Chinese person is that food prices rose at the slowest pace in years (and even better the cost of alcohol & tobacco fell YoY again). Producer Price 'Deflation' continues for the 34th month... As ... (full story)
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don't find the correct answer in market. just feel it and follow the wave.
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