China’s annual Consumer Price Index (CPI) showed no growth in June, compared with the 0.2% annual gain seen in May, according to the latest data published by the National Bureau of Statistics (NBS) on Monday.
On a monthly basis, the country’s CPI dropped 0.2% in June versus -0.2% decrease recorded in May.
China’s Producer Price Index (PPI) declined 5.4% YoY in June as against a 4.6% drop booked previously.
Market reaction
At the time of writing, AUD/USD is little changed on the data release, keeping its range just under 0.6700.
Source: https://www.fxstreet.com/news/chinas-cpi-inflation-arrives-at-0-yoy-in-june-vs-02-previous-202307100133