China: Core inflation lacks upward momentum - ANZ
|Analysts at ANZ note that higher food prices boosted both CPI and PPI in May for Chinese economy, implying the current jump in inflation is a seasonal or temporary phenomenon.
Key Quotes
“Things to note are the decline in non-food CPI and PPI, which are more accurate indicators of inflation than the headline CPI figure.”
“Today’s inflation numbers is unlikely to impact China’s monetary policy stance. But the authorities will maintain a counter-cyclical stance on both the fiscal and monetary fronts amid growth risks from the trade conflict with the US.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.