Chinese inflation signals further slowing

Friday 9 March 2018

Chinese inflation is out and has several notable points. The CPI jumped to 2.9% on food spikes. But the PPI, which is a much better guide to industrial growth, continues to crash at 3.7%:

A closer look shows the narrowness of the CPI spike:

There’s no lasting problem there. But there is one in the PPI details:

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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.