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China CPI and PPI hurts AUD, edging to fresh lows on the session
The Chinese Consumer Price Index and Producer Price Index, released by the National Bureau of Statistics of China, have arrived: March PPI +8.3 pct from a year ago (Reuters poll +7.9 pct) March PPI +1.1 pct from the previous month. March CPI (YYoY): 1.5% (exp 1.3% vs previous 0.9%). AUD/USD is under some slight pressure, losing an additional 0.09% from the pre-data -0.2% after falling to a fresh low of 0.7436.
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#China's #food price fell 1.5% y/y in Mar, narrowing from 3.9% drop in previous month, said National Bureau of Statistics.#Pork prices fell 41.4% y/y, narrowing by 1.1 percentage points from Feb.
— YUAN TALKS (@YuanTalks) April 11, 2022
Vegetable prices surged 17.2% y/y, vs 0.1% drop in Feb.https://t.co/haGgRmRP6L https://t.co/kMa4Ulih1A
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AUD/USD looks to drop near 0.7400 as China’s CPI lands at 1.5%
AUD/USD shrugs off opening gains after a higher China CPI print at 1.5%. • The DXY is eyeing to recapture 100.00 backed by firmer responsive buying. • China’s PPI has landed at 8.3%, higher than the estimate of 7.9% but lower than the prior figure of 8.8%. The AUD/USD pair as China’s National Bureau of Statistics has reported the yearly Consumer Price Index (CPI) at 1.5%. The yearly CPI has come higher than the previous print and street expectations of 0.9% and 1.2% respectively. While, yearly China’s Producer Price Index (PPI) has landed at 8.3%, has outperformed the expectation of 7.9% but has remained ... (full story)
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China inflation: consumer costs rise, but factory-gate prices ease
China’s consumer prices rose slightly last month amid public concerns over food shortages, but factory-gate inflation eased, according to data released on Monday. The official consumer price index (CPI) rose by 1.5 per cent in March from a year earlier, up from a rise of 0.9 per cent in February. This was above with the expectations of analysts in a Bloomberg survey, which had predicted a rise to 1.4 per cent growth. chart Meanwhile, the official producer price index (PPI), which reflects the prices that factories charge wholesalers for products, rose by 8.3 per cent in March from a year earlier, down from a rise ... (full story)