China CPI and PPI inflation data due Monday 9 August 2021

Coming up at 0130 GMT are China’s inflation figures for July

CPI expected 0.8% y/y, prior 1.1%

  • the expectations for a lower rate of growth in prices is based on less upward pressure on food/agricultural prices

Meanwhile inflation at a producer level is expected to show no respite, PPI expected 8.8% y/y

  •  prior 8.8%
  • commodity prices have remained high, steel and coal notably so. These are key inputs to Chinese industry (steel for construction etc).
  • China has been making efforts to lower prices through various regulatory actions and releasing reserves from various stockpiles, July may mark a high water point and Ausgust PPI begin to turn down. That’s a month away though, … I’ll have more on this as we get closer in a few weeks. Meanwhile: 

Invest in yourself. See our forex education hub.


Articles You May Like

DuPont stock hits new high after an analyst’s upgrade — why we’re not buyers here
Gold heads for second weekly gain, silver hits 11-year high
Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
Oil falls more than $1 as Fed rate outlook stokes demand fears
Forecasting the Coming Week: Fedspeak and FOMC Minutes should rule the sentiment

Leave a Reply

Your email address will not be published. Required fields are marked *