China February CPI +0.7% y/y (anticipated +0.3%) PPI -2.7% y/y (anticipated -2.5%)

Shopper worth inflation knowledge from China for February 2024 exhibits an exit from deflation

CPI +0.7% y/y

• anticipated +0.3%, prior -0.8%
• for the m/m, is available in at +1.0% (prior +0.3%)

PPI -2.7% y/y

• anticipated -2.5%, prior -2.5%
• for the m/m, is available in at -0.2%

Thats a really giant leap in CPI from -0.8% y/y in January to +0.7% in February. Its not as if the yuan collapsed, which might ramp up the value of imports.

This text was written by Eamonn Sheridan at www.forexlive.com.