MNI China Daily Summary: Monday, April 29

MNI BRIEF: China Pushes Back Against Japan's Semiconductor Threat

MNI: China CFETS Yuan Index Down 0.33% In Week of Apr 26

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1066 Mon; -4.49% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

Core CPI Outlook: Services Softens, Energy Uptick Underwhelms

CPI Ticks Higher Y/Y In April, But Softer Core And Sequential Readings

MNI Projects 2.2% National CPI Y/Y, Core CPI Disinflation

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Contributions to the Y/Y change in CPI

UK DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Looking at Y/Y changes to contributions:

  • Accommodation services contributed +0.03ppt to headline CPI with restaurants actually -0.05ppt in the annual contribution (but +0.08ppt to the M/M).There was a downside contribution from clothing (-0.05ppt contribution to headline CPI) and furniture (-0.07ppt contribution to headline CPI).
  • Food prices fell while energy prices were higher due to petrol prices rising (both of those expected).
  • Air fares contributed -0.03ppt to headline CPI (smaller than exp).
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Looking at Y/Y changes to contributions:

  • Accommodation services contributed +0.03ppt to headline CPI with restaurants actually -0.05ppt in the annual contribution (but +0.08ppt to the M/M).There was a downside contribution from clothing (-0.05ppt contribution to headline CPI) and furniture (-0.07ppt contribution to headline CPI).
  • Food prices fell while energy prices were higher due to petrol prices rising (both of those expected).
  • Air fares contributed -0.03ppt to headline CPI (smaller than exp).