Producer Prices in China
China - Producer Prices
Inflation inches up in June
Consumer prices fell 0.1% from the previous month in June, continuing the downward trend seen since March. June’s print followed the 0.2% decrease registered in May. The drop was driven by lower prices for food, tobacco and liquors; it was notably impacted by lower fresh fruits and vegetables prices.
Inflation edged up to 1.9% in June from 1.8% in May, in line with market expectations. Similarly, annual average inflation also rose to 1.9% in June (May: 1.8%), an over one-year high.
Producer price inflation accelerated for the third consecutive month and rose to 4.7% in June, from 4.1% in May, overshooting market analysts’ expectations of 4.5%. The jump was mainly due to a base effect and higher commodity prices, especially for oil.
FocusEconomics Consensus Forecast participants expect that consumer inflation will average 2.2% in 2018, which is down 0.1 percentage points from last month’s estimate. For 2019, the panel sees consumer inflation at 2.3%. Meanwhile, the panel expects producer inflation of 3.1% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, panelists see producer inflation at 2.0%.
China - Producer Prices Data
|Inflation (PPI, annual variation in %)||-1.9||-1.9||-5.2||-1.3||6.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.50||-0.40 %||Jul 17|
|Exchange Rate||6.71||-0.19 %||Jul 17|
|Stock Market||2,798||-0.34 %||Jul 17|
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July 16, 2018
Growth in China lost some steam in Q2, reflecting aggressive financial deleveraging and authorities’ efforts to crack down on shadow banking.
July 10, 2018
Consumer prices fell 0.1% from the previous month in June, continuing the downward trend seen since March.
June 30, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell to 51.5% in June from 51.9% in May.
June 18, 2018
Trade tensions between China and the United States escalated further on 15 June after the two countries announced punitive trade tariffs affecting in total USD 100 billion in bilateral trade.
June 17, 2018
House prices in 70 large- and medium-sized cities rose 1.0% in June in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).