Chinese inflation remains fantastically narrow

Monday 11 September 2017

Chinese inflation was out yesterday and remains fantastically narrow. The CPI has firmed to 1.8% and the PPI is now rebounding at 6.3%:

Food showed some bounces but consumer is still soft overall:

And the PPI remains almost exclusively a ferrous complex issue with a bit of oil thrown in:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.