China June2025 inflation data
China CPI (YoY) (March 2025) +0.1%, the first rise in five months
- expected 0.0%, prior -0.1%
CPI (MoM) -0.1%
- expected 0.0%, prior -0.2%
PPI (YoY) -3.6%, getting worse, this is the largest drop since July 2023
- expected -3.2%, prior -3.3%
- the m/m PPI came in at -0.4%
more to come
PPI deflation gets worse, which makes it difficult for firms to grow revenue and invest.
On the CPI, China’s National Bureau of Statistics (NBS) is touting the +0.1% y/y rise as being due to support policies to drive domestic demand continuing to produce effects.
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