China’s June CPI In Line With Expectations, PPI Unchanged Year-on-Year
Growth in China’s Consumer Price Index (CPI) in June was line with expectations, while Producer Price Index (PPI) was unchanged from a year earlier.
The CPI rose 2.7% year-on-year in June, matching market expectations and remained unchanged from the expansion in May, the National Bureau of Statistics showed on Wednesday.
Meanwhile, the PPI was unchanged from a year ago and down from a 0.6% increase in May.
The data had little impact on stocks today. The Shanghai Composite was up 0.1% by 11:15 PM ET (03:15 GMT), while the SZSE Component slipped 0.1%.
China’s Q2 GDP data is due on Sunday. June’s industrial production and retail sales figure are also out on the same day.