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China data dump unimpressive: May CPI +2.4 pct vs +2.7 pct YoY, PPI -3.7 PCT vs -3.3 PCT YoY

From fxstreet.com

China's May Consumer Price index has arrived as follows China May CPI • CHINA MAY CPI +2.4 PCT FROM A YEAR AGO (REUTERS POLL +2.7 PCT) • CHINA MAY CPI -0.8 PCT FROM PREVIOUS MONTH (REUTERS POLL -0.5 PCT) • CHINA SAYS MAY FOOD CPI +10.6 PCT FROM A YEAR AGO; NON-FOOD CPI +0.4 PCT China's May Producer Price index has arrived as follows China May PPI • CHINA MAY PPI -3.7 PCT FROM A YEAR AGO (REUTERS POLL -3.3 PCT) • CHINA MAY PPI -0.4 PCT FROM PREVIOUS MONTH AUD has been muted on the data as markets get set for the Federal Reserve showdown and take some profits off ahead of the event. Meanwhile, due 10-15 June, the ... (full story)

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