-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI DATA ANALYSIS: China June PPI Surges On Inputs, CPI Steady
China's producer price index (PPI) rose sharply in June, up 4.7% on the
year, while the consumer price index (CPI) rose at a steady 1.9% over the year,
the National Bureau of Statistics (NBS) said Tuesday.
--PPI HIGHER ON INPUT PRICES
The PPI increased by 4.7% y/y in June, stronger than the market expectation
of a 4.5% y/y rise. The gain compared with the 4.1% y/y increase in May and
marked the highest reading in 2018.
On a monthly basis, PPI grew 0.3% compared to the 0.4% growth in the
previous month, a second straight month in positive territory.
The yearly increase was mainly on the back of the "rising production
materials price increase amounted to 6.1% y/y," senior NBS statistician Sheng
Guoqing said when reading the data.
The carry-over effect in last June also pushed up the June reading. "The
tail factor impacted a 4.1% increase in the 4.7% yearly rise while the new-price
factor caused the other 0.6%," Sheng calculated.
STEADY CPI, MODERATE INFLATION
CPI in June increased 1.9% y/y, 0.1 percentage point faster than in May and
in line with MNI's survey. The m/m deceleration at -0.1% was lower than May's
-0.2%. In March, CPI fell 1.1% m/m.
Food prices, recorded at 0.3% y/y, were up for the fifth month in a row,
underpinning inflation.
Non-food prices, unchanged from last month's 2.2% y/y, extending the run of
2.0% or above readings to 19 consecutive months.
CPI has been picking up in the first half of 2018, it may pick up again in
later this year, but will still be likely to hit the target of "being under 3%".
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.