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<p>Good morning.
My three takeaways from China’s latest inflation data:
Annual PPI inflation accelerated to 4.1% in June, the highest in four years and up from 3.9% in May (see FT chart below).
With annual CPI softening to 1.0% (down from 1.2%), the gap between wholesale costs and consumer prices widened.
On a sequential basis, monthly PPI actually contracted by 0.3% in June, largely reflecting the sharp pullback in international oil prices.
#economy #china #inflation #markets @FT</p>

Good morning.
My three takeaways from China’s latest inflation data:
Annual PPI inflation accelerated to 4.1% in June, the highest in four years and up from 3.9% in May (see FT chart below).
With annual CPI softening to 1.0% (down from 1.2%), the gap between wholesale costs and consumer prices widened.
On a sequential basis, monthly PPI actually contracted by 0.3% in June, largely reflecting the sharp pullback in international oil prices.
#economy #china #inflation #markets @FT

Good morning. My three takeaways from China’s latest inflation data: Annual PPI inflation accelerated to 4.1% in June, the highest in four years and up from 3.9% in May (see FT chart below). With annual CPI softening to 1.0% (down from 1.2%), the gap between wholesale costs and consumer prices widened. On a sequential basis, monthly PPI actually contracted by 0.3% in June, largely reflecting the sharp pullback in international oil prices. #economy #china #inflation #markets @FT

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