Today they have been informed inflation data in China for the month of February.
According to the National Bureau of Statistics of China, the consumer price index IPC has risen 0.6% in the month of February, above the 0.3% expected and 0.4% seen the previous month.
On an annual basis, the CPI has remained at 0.9%above the expected 0.8%.
On the other hand, it has also been reported PPI producer price index, which has decreased to 8.8% in February from 9.1% seen the previous month. The figure has come in above the expectation of 8.7%.
About China CPI
The Chinese Consumer Price Index is published by the National Bureau of Statistics of China and measures the average price change of a basket of goods and services. The CPI is the main element for measuring inflation and changes in purchasing trends. If the consumer price index increases substantially, it indicates that inflation has become a destabilizing factor for the economy, which may prompt the People’s Bank of China to adjust monetary policy and fiscal risk. Generally, a high reading is positive or bullish for the CNY, while a lower reading is negative or bearish.
About the China PPI
The Producer Price Index (PPI), which is published by the Chinese National Bureau of Statistics, is an estimate of the rate of inflation experienced by producers. The report shows the changes in the prices of raw materials in all its phases until the finished product is achieved. Generally a favorable reading is considered positive (or bullish) for the CNY, while an unfavorable reading is considered negative (or bearish) for the CNY.
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
