China’s CPI inflation arrives at 0% YoY in June vs. 0.2% previous

Market news

10 July 2023

China’s CPI inflation arrives at 0% YoY in June vs. 0.2% previous

China’s annual Consumer Price Index (CPI) showed no growth in June, compared with the 0.2% annual gain seen in May, according to the latest data published by the National Bureau of Statistics (NBS) on Monday.

On a monthly basis, the country’s CPI dropped 0.2% in June versus -0.2% decrease recorded in May.

China’s Producer Price Index (PPI) declined 5.4% YoY in June as against a 4.6% drop booked previously.

Market reaction

At the time of writing, AUD/USD is little changed on the data release, keeping its range just under 0.6700.

AUD/USD remains below 0.6700/200-day SMA, moves little after Chinese inflation data

China Producer Price Index (YoY) dipped from previous -4.6% to -5.4% in June

Market Focus

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