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China’s CPI inflation softens to 0.1% YoY in March vs. 0.4% expected
China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February. The market forecast was for a 0.4% increase. Chinese CPI inflation came in at -1.0% over the month in March versus February’s 1.0% rise, much worse than the 0.5% decline expected. China’s Producer Price Index (PPI) fell 2.8% YoY in March, compared with a 2.7% drop seen previously. The data matched expectations for a 2.8% decrease in the reported period. Market reaction to Chinese inflation data AUD/USD is unperturbed by the mostly downbeat Chinese inflation data, adding 0.05% on the day to trade near 0.6510 ... (full story)
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China's CPI up 0.1% in March
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China Consumer Price Gains Fade With Industry Stuck in Deflation
China’s consumer prices barely increased from a year earlier last month and industrial prices continued to slump, underscoring the deflationary pressures that remain a key threat to the economy’s recovery. The consumer price index rose 0.1% in March from the prior year, the National Bureau of Statistics reported on Thursday. The median forecast of economists in a Bloomberg survey was a 0.4% gain. The inflation rate dropped from 0.7% in February, when it had climbed above zero for the first time in six months during the Lunar New Year holiday. Producer prices fell 2.8% from a year earlier in March, extending a ... (full story)