China Inflation Edges Up In May

CPI was up 3.1% vs. 3.0% consensus and 2.8% reading in April. PPI was up 7.1% vs. 6.8% consensus and same April reading.

The prices are rising despite lower crude oil and commodity prices. The mail driver was rise in food prices. PPI / CPI gap widening putting pressure on corporate margins.

Chart 1. Producer & Consumer Price Indexes

Source: Bloomberg


This entry was posted on Friday, June 11th, 2010 at 3:10 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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