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China CPI & PPI lower

Posted by Akhilesh Ganti on Aug 8, 2013 10:15:00 PM

China’s CPI came out at +2.7% which was a bit lower than the +2.8% that the market was expecting while the PPI reading came out at -2.3% -vs- estimates of -2.1%. The inflation rate is below the government established threshold of +3.5% though the central bank did express concern last week that price pressures will increase. The Aussie was quite volatile, oscillating in a 50 pip range as traders responded to this release and the RBA monetary policy statement, which was released simultaneously, before stabilizing a bit at its current level of 0.9110.

The charts below are for the CPI(top) and PPI(bottom) for the last 20 years.

{charts:Bloomberg}(click to enlarge)

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