China May CPI Inflation At 5.5%; PPI Inflation At 6.8%

(For May 2011)

China Consumer Price Index was up 5.5% in May, vs. 5.2% consensus and 5.3% April reading.

China Producer Price Index was up 6.8% vs. 6.8% consensus and 6.8% April reading.

Strong PPI suggest that the inflation will not come down so fast.

The POBC rose the reserve requirement after the CPI release (to 21%(21.5% for large institutions and 19.5% for small and medium-sized institutions)).


This entry was posted on Tuesday, June 14th, 2011 at 7:17 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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