China Inflation Edges Up In May

June 11th, 2010 by Belisarius

CPI was up 3.1% vs. 3.0% consensus and 2.8% reading in April. PPI was up 7.1% vs. 6.8% consensus and same April reading.

The prices are rising despite lower crude oil and commodity prices. The mail driver was rise in food prices. PPI / CPI gap widening putting pressure on corporate margins.

Chart 1. Producer & Consumer Price Indexes

Source: Bloomberg

,

This entry was posted on Friday, June 11th, 2010 at 3:10 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 
Get Adobe Flash player