Chinese June inflation year-over-year data matches expectations: CPI up 1.5%, PPI up 5.5%

by Dramelin 8:00 PM 0 comments

Chinese inflation data for June came in line with expectations on a year-over-year basis when they were released on Monday.
Those figures are closely watched by investors for what they say about the strength of the Chinese economy.
China`s Consumer Price Index rose 1.
5 percent year-on-year in June, according to the National Bureau of Statistics.
The Producer Price Index, meanwhile, rose 5.
5 percent against the same time last year, the bureau reported.
Both of those figures matched Reuters analyst forecasts.
June CPI and PPI both fell 0.
2 percent from May, the bureau said.
The Shanghai Composite was off by 0.
17 percent at 9:52 a.