CH CPI y/y

Deflation stalking China since last year is now showing signs of spiraling, threatening to worsen the outlook for the world’s second-largest economy and raising calls for immediate policy action. Data released Monday confirmed that apart from food costs, consumer price growth barely registered in large swathes of the economy at a time when incomes are sagging. A broader measure of economy-wide prices known as the gross domestic product deflator will likely extend its current five-quarter drop into 2025, according to Bloomberg ...

Chinese consumer price index inflation picked up in August, although a mild increase from the July inflation figure, while producer price index inflation shrank at the fastest pace in 4 months. China's consumer price index, a main gauge of inflation, grew 0.6% on an annualized basis, data from the National Bureau of Statistics showed on Monday, beating expectations of 0.6% and a tick higher than 0.5% in the prior month. On a monthly basis, inflation came in at 0.4%, a modest miss from 0.5% consensus and 0.5% in the prior month. The ...

After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance. The odds were shaved for the second consecutive week. Fed officials have indicated that the full employment mandate is now of greater significance given its growing confidence that inflation is heading back toward its 2% target. Next week's August CPI and PPI are likely to be consistent with that narrative. Ahead of the weekend, the two-year yield posted its ...

The European Central Bank’s carefully choreographed rate-cutting cycle got off to an awkward start in June after last-minute data upsets. For credibility’s sake, policymakers had only one choice – press ahead with the planned 25-basis-point rate reduction but present it as a ‘hawkish cut’. Fortunately for the doves and struggling European businesses, the case for further policy easing has strengthened since the last gathering in July when rates were kept on hold. Headline inflation dipped to 2.2% y/y in August and the rebound in euro ...

China's June CPI inflation edged down to 0.2% YoY, down slightly from 0.3% YoY, and coming in weaker than forecasts for a slight uptick to 0.4% YoY. Inflation has been very flat in the last four months, fluctuating between 0.1-0.3% YoY. In month-on-month terms, June's CPI inflation dropped to -0.2%, and inflation has now seen two consecutive months of decline. This month's slightly softer read came on the back of several factors: Food prices (-2.1% YoY) saw a sharper-than-expected decline in June. This was due to a larger drag from ...

China’s consumer price growth marginally fell short of expectations in June, continuing over a year of weakness, but analysts have still predicted a faster recovery in the coming months as demand for residential services consumption improves. China’s consumer price index (CPI), a key gauge of inflation, grew by 0.2 per cent year on year in June, compared to an increase of 0.3 per cent in May, the National Bureau of Statistics (NBS) said on Wednesday. The reading fell short of the expected 0.41 per cent growth projected by economists ...