China – for step forward, one step back for inflation
PPI, as expected, was stronger in May. But any positive impact on market sentiment will be dampened by renewed weakness in core CPI.
![China – for step forward, one step back for inflation](/content/images/size/w2000/2024/06/China--PPI-and-global-prices----YoY-1.png)
PPI, as expected, was stronger in May. But any positive impact on market sentiment will be dampened by renewed weakness in core CPI.