2023-07-10 00:53:39 ET
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China's consumer prices unexpectedly were flat in June year-on-year, its lowest level since February 2021, compared with market expectations and May's figure of a 0.2% rise.
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Meanwhile, producer prices fell 5.4% year-on-year, the fastest rate of decline since December 2015. That compared with a 4.6% drop the previous month, and a forecast for a 5.0% fall.
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Core consumer prices, excluding the volatile prices of food and energy, went up 0.4% year-on-year, the least since March 2021, after a 0.6% gain in May.
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On a monthly basis, consumer prices unexpectedly dropped by 0.2%, the fifth straight month of falls, and compared with consensus of a flat print.
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ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
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China's producer price fall further, consumer inflation unexpectedly flat in June